Hindustan Copper Shares in Focus as Government Sells 3% Stake

Hindustan Copper shares are expected to be in focus after the government announced an offer for sale (OFS) of 3% stake at a discounted price. The OFS will open for non-retail investors on August 25, with retail options available on August 26.

The floor price for the OFS is set at Rs 514 per share, representing a 10% discount to Hindustan Copper's last closing price of Rs 573.55. If the offer is oversubscribed, an additional 3% stake may be sold, taking the total sale to 6%.

Hindustan Copper reported a profit before tax of Rs 472 crore for the quarter ended June 2026, a 163% increase from the same period last year. The company is targeting ore production capacity of 12.2 million tonnes per annum by 2030.