Positive on Hindustan Copper: Fayeza Hafizee, Intime Spectrum Securities Ltd

Fayeza Hafizee, Vice President, Institutional Sales, Intime Spectrum Securities Ltd, in a chat with ET Now talks about Hindustan Copper.

What is your view on Hindustan Copper?

The news is definitely welcomed. The fact that it is coinciding with an improvement in copper prices is what is seeing the stock buzz a lot more. We definitely are positive on the counter and it is a good play because today in the market you do not have too many pure copper plays.

With an increased plot, we would be very fairly bullish on the counter. We do see it touching its earlier highs of 650 at least but a lot will depend on the pricing of the FPO and we would like to wait for further recommendations on that.