Madhav Copper Share Price Soars 10% to Rs 62 Amid Unclear Catalyst

Madhav Copper Ltd.'s share price rose to Rs 62 on September 23, 2026, representing a 10.03% increase from its previous close of Rs 56.35.

The company's market capitalization stands at Rs 152.95 crore, making it a micro-cap stock. The stock's price moved between Rs 56.51 and Rs 62.50 throughout the day before closing near its high of Rs 62.

According to Univest analysis, Madhav Copper's P/E ratio is 33.95x, which is above the sector median of 19.77x. Its P/B ratio is also higher than the sector median at 2.98x. The company's ROE and ROCE are lower than their respective benchmarks.

The peer comparison table shows that Madhav Copper's P/E ratio is higher compared to its peers, while its ROE and ROCE are lower. This suggests that investors may be watching the stock due to its relatively high valuation multiples.