Hindustan Copper: Anand Rathi Recommends BUY with Rs 450 Target on Expected 3.5x Production Surge and Rising Demand

Overview

Anand Rathi's research report initiates coverage on Hindustan Copper with a BUY rating and a target price of Rs 450. The brokerage forecasts a more than 3.5-fold increase in production volumes to 12.2 million tonnes by FY31, driven by mining lease extensions. This comes amid muted global copper supply growth and expectations of domestic demand doubling over the next decade, fueled by new-age sectors like renewable energy, EVs, and AI data centres.