Hindustan Copper Set To Rise 10-12% From Current Market Price

Copper prices are at record highs, putting Hindustan Copper and the broader metals space in focus. Market Analyst Ambareesh Baliga believes the copper upcycle could offer a trading opportunity, with Hindustan Copper potentially gaining another 10-12% from current levels, although the stock has lagged the rise in copper prices. The wire and cable segment, meanwhile, could face a double whammy. UltraTech’s entry into the cables and wires business through UltraVolt could intensify competition and disrupt the existing industry structure. Baliga expects several sector leaders to potentially underperform over the next 1.5 years. He also highlights UltraTech’s supply-chain advantage, given the group’s access to copper and aluminium, making the competitive landscape an important space to watch