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Hindustan Copper shares dip as investors cash out gains

Business

Hindustan Copper's stock slipped nearly 3% on Tuesday, with many investors choosing to lock in profits after a strong run.
The price dropped to ₹515 during the day but bounced back to ₹529.80 by mid-morning—ending down just 0.78%.
This move wasn't because of any bad news for the company, but more about traders reacting to recent market trends.

What's behind the dip?

The drop lines up with a global cool-off in copper prices, which slid over 1% as traders wrapped up the year and took profits.
Even so, Hindustan Copper has been on a roll lately—up 26% just this past week and almost 90% over six months.
With all these ups and downs, it's not surprising that some investors decided now was a good time to cash out before the new year.