Hindustan Copper Ltd.

Aug 23, 2022

Asc.Triangle Pattern: Monthly Basis
MultiYear Price Trendline Breakout Possibility
Price/Vol. BreakOut

*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*

*Fundamentally Sound Co*
GoI owned, Only integrated copper producer in India with captive mines, smelter, refinery& rod manufacturing facilities.
Copper Demand/Prices likely to remain elevated on back of Higher Usage required for EVs, Renewable energy sectors. Copper utensil gaining traction too. Will benefit HCL.
Highly Attractive Disinvestment Target: Vedanta, Adani, Tatas, JSW, etc. likely to Bid whenever its initiated.

Increasing Sales/Profitability on Yrly Basis.
Sharp Improvement in RoA/RoE/RoCE to Double Digits for FY22 vs. FY21.
Improving Leverage/TNW/Increasing Cash Reserve.
Higher +ve Ops. Cash Flow.
Stable GOI stake/ FIIs stake Up / DIIs Down.

*Concern:*
Adverse cost structure at its smelting/refining operations, production from these facilities remain minimal at present .
Exposed to International Copper Price movement, putting pressure on Profitability/Cash Flows.
Upcoming large capex.
Elongation in Payable Days.

*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)