Hindustan Copper Shares Surge In Trade: Still Time To Buy? Technical Expert Weighs In

Metal stocks continued their upwards momentum in trade on Monday, with Hindustan Copper emerging as a notable gainer in trade. After surging up to 10% in early trade, the stock is still trading with sharp gains.

Shares of Hind Copper have hit an almost 16-year high, in continuation with the bullish trend seen in the counter over the past six trading sessions. The stock is currently trading at Rs 513.45, which accounts for gains of almost 8%. This compares to Friday's closing price of Rs 475.

The sharp rally in Hind Copper comes on the back of rising copper prices, with LME Copper rates jumping 5% overnight, continuing its upward momentum.

Copper rates have indeed rallied like a crisis metal in 2025, driven by AI and hardware demand.

Thanks to the relentless rally over the past few trading sessions, shares of Hindustan Copper have reached a relative strength index of 81, which suggests the stock could be in an overbought territory.

On a year-to-date basis, shares of Hind Copper have doubled, in line with global demand for metals such as gold, silver and copper.

Kush Bohra, founder of Kushbohra.com, says, "The stock has had a massive run, gaining over 65% in the last five weeks. And is now clearly in overheated territories, with the daily and the weekly RSIs crossing the 80 threshold. Now is a good time to book profits and perhaps consider re-entry at lower levels.

Kush, in early December, had recommended HindCopper for a second target for Rs 404. After a brief a few consolidation, the stock has comfortably surpassed those levels and now remains in overheated territories.