Hindustan Copper Soars 101% in 6 Months; Experts Advise Caution, Profit Booking

• Government company Hindustan Copper's shares surged 101.35% in the last six months, achieving multibagger status.
• The rally is attributed to sustained strength in global copper prices, benefiting the domestic market-focused mining company.
• BSE and NSE placed Hindustan Copper under the short-term Additional Surveillance Measure (ASM) framework due to increased volatility.
• Experts like Kranti Bathini suggest short to medium-term investors consider profit booking, while long-term investors can partially book profits.
• Technically, the stock is in an overbought zone; A R Ramachandran advises profit booking, noting resistance at ₹606 and support at ₹555.

Why It Matters: Hindustan Copper's massive rally prompts expert advice for profit booking amid overbought conditions and regulatory scrutiny.