State-owned Hindustan Copper Ltd today surged four per cent in the early session on BSE, buoyed by nearly four-fold jump in second quarter profit reported yesterday.
The company posted a net profit of Rs 56.21 crore against Rs 15.10 crore in the year ago period, mainly on account of higher prices and sales volumes.
Shares of Hindustan Copper rose 3.77 per cent on BSE, to reach an early morning high of Rs 456.
Similarly, on the National Stock Exchange, the scrip was trading 1.95 per cent higher at Rs 448.95. In addition, over 1.42 lakh shares of the company changed hands during early the early trade.
The company had also announced a dividend of ten per cent for its shareholders after almost five years.
Meanwhile, the broader gauge Sensex was trading at 20,009.05, up 3.68 points from previous close.
