162.5% profit growth, Rs 7,189 cr expansion: Is this copper stock still cheap?

Hindustan Copper, one of the only pure-play domestic companies focused on copper mining and related products, has benefited from strong LME prices. The company reported a strong financial performance in the June 2026 quarter and FY26. The government has launched an offer-for-sale for 6% stake at a floor price of Rs 514. At Tuesday’s close of Rs 531.75, the stock trades at a P/E of 42.7, and is at a significant premium to leading global players in copper mining and production of copper products.