Hindustan Copper has soared 11% to Rs 291 on reports that the company and Codelco, the world’s biggest copper producer, may form a joint venture (JV) to jointly mine reserves in Chile.
Meanwhile, reports suggest that the government plans to launch the public offer of Hindustan Copper later this year along with divesting stake in other public sector companies.
The stock opened at Rs 262 and hit a high of Rs 295 on the NSE. A combined 307,911 shares have been traded till 0950 hours, as against an average 75,000 shares that were traded daily in past two weeks.