Hindustan Copper Soars 15% to Lifetime High Amid Copper Rally: What Next?

• Hindustan Copper shares surged 14.8% to a lifetime high of Rs 545.95, extending a 48.35% gain in seven sessions.
• The rally is fueled by rising global copper prices, supportive macro conditions, dollar-linked contracts, and a weaker rupee.
• Experts like Dipan Mehta note a "fantastic growth phase" for copper, benefiting Hindustan Copper's margins.
• Valuation concerns persist, with limited visibility on volume growth despite strong demand from renewable energy and electrification.
• Analysts advise "buy on dips" for new entrants, citing an overbought RSI and potential near-term profit booking.

Why It Matters: Hindustan Copper hits record high on copper rally, but analysts suggest "buy on dips" due to high valuations.