Stocks to buy: Anand Rathi bullish on Hindustan Copper shares, sees 45% upside in the PSU stock; here's why
New Delhi, June 26 -- Hindustan Copper share price has fallen 10% in one month, and analysts believe this correction should be viewed as an attractive accumulation opportunity, given the company's strong operational outlook, visible volume growth, and long-term expansion pipeline.
Brokerage firm Anand Rathi has noted that Hindustan Copper is undertaking a multi-pronged strategy to expand its capacity, with a 20-year revenue-sharing contract rewarded to restart, upgrade and maintain the 50,000 tonne Gujarat Copper Plant.
At current LME copper prices and optimal utilisation levels, the plant is expected to generate incremental revenue of Rs.110 - Rs.125 crore for Hindustan Copper.
The company has also resumed operations at the 0.2 millio...
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