Hindustan Copper Shares Dip 12% from Highs as Global Copper Prices Cool Off

• Hindustan Copper shares fell 12% from day's highs on Monday, December 29, due to cooling global copper prices on the London Metal Exchange.
• Global copper prices retreated after testing $13,000, despite an earlier 7% rise and concerns over potential US import tariffs.
• Despite the dip, the stock marked its seventh consecutive day of gains, having surged 48% in this period, with market cap nearing ₹50,000 crore.
• LIC holds over 4% stake (valued at ₹2,000 crore), while the government owns 66.14% and retail shareholders 14.5%.
• The stock saw its best weekly performance since February 2021, with high trading volumes, and is currently trading at levels last seen in March 2010.

Why It Matters: Hindustan Copper shares dipped from highs due to global price cool-off but maintained a strong upward trend.