HINDCOPPER - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.2
| Stock Code | HINDCOPPER | Market Cap | 59,279 Cr. | Current Price | 614 ₹ | High / Low | 760 ₹ |
| Stock P/E | 103 | Book Value | 30.9 ₹ | Dividend Yield | 0.24 % | ROCE | 23.8 % |
| ROE | 18.7 % | Face Value | 5.00 ₹ | DMA 50 | 503 ₹ | DMA 200 | 364 ₹ |
| Chg in FII Hold | 1.51 % | Chg in DII Hold | -0.43 % | PAT Qtr | 186 Cr. | PAT Prev Qtr | 134 Cr. |
| RSI | 57.1 | MACD | 42.9 | Volume | 3,99,97,720 | Avg Vol 1Wk | 9,17,09,195 |
| Low price | 184 ₹ | High price | 760 ₹ | PEG Ratio | 13.8 | Debt to equity | 0.05 |
| 52w Index | 74.6 % | Qtr Profit Var | 83.0 % | EPS | 5.93 ₹ | Industry PE | 96.5 |
📊 Analysis: Hindustan Copper (HINDCOPPER) shows strong intraday momentum with RSI at 57.1 (bullish zone) and MACD at 42.9 (positive). Price is trading well above both 50 DMA (503 ₹) and 200 DMA (364 ₹), indicating strong technical support. Fundamentals are mixed — ROCE (23.8%) and ROE (18.7%) are healthy, but P/E of 103 is stretched compared to industry PE (96.5). Volume is lower than weekly average, suggesting reduced participation, but overall intraday setup looks favorable for short-term trades.
💹 Optimal Buy Price: 610–620 ₹ (near support zone).
🎯 Profit-Taking Levels: 635 ₹ (first target), 650 ₹ (second target).
🛡️ Stop-Loss: 600 ₹ (to protect downside risk).
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above 630 ₹ or if RSI weakens below 55. A drop in volume with sideways price action also signals exit. Quick profit booking is advised near resistance levels around 650 ₹.
✅ Positive
- Strong ROCE (23.8%) and ROE (18.7%) highlight efficient capital use.
- Debt-to-equity ratio of 0.05 ensures financial stability.
- Quarterly PAT growth from 134 Cr. to 186 Cr. shows earnings momentum.
- FII holding increased by 1.51%, reflecting foreign investor confidence.
⚠️ Limitation
- High P/E (103) compared to industry average (96.5) suggests overvaluation.
- PEG ratio of 13.8 indicates expensive growth prospects.
- Dividend yield of 0.24% is very low.
- Volume lower than weekly average may limit intraday momentum.
📉 Company Negative News
- DII holding decreased by -0.43%, showing reduced domestic institutional support.
📈 Company Positive News
- Quarterly profit variation of 83% highlights strong earnings growth.
- FII holding increased significantly, signaling foreign support.
🏭 Industry
- Metals and mining sector remains cyclical but benefits from global demand recovery.
- Industry P/E at 96.5 is slightly lower than Hindalco’s 103, suggesting premium valuation.
🔎 Conclusion
HINDCOPPER is fundamentally steady and technically strong, making it a good candidate for intraday trading. Traders may enter near support levels with tight stop-losses and aim for quick profit booking around resistance. Momentum indicators favor bullish trades, but caution is advised due to stretched valuations and lower-than-average volume.