Hindustan Copper shares surge by 7% as Q2 net profit doubles. The stock rallied 40% compared to a 7% rise in the S&P BSE Sensex. In Q2 FY24, consolidated income records a significant 67% YoY increase, reaching Rs 392 crore.
Sales volume witnessed a robust 49% growth over the previous year in the same quarter. Mine production shows a substantial 13% increase in Q2 FY24 compared to the corresponding period last year.
Foreign institutional investors (FIIs) raised their stake in Hindustan Copper to 2.1% from 1.8% in the previous quarter.
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