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Stay Away From Hindustan Copper - Will Continue to Struggle

State run Hindustan Copper is engaged in copper mining and its share price struggling for the last two years. Post the global commodity meltdown and especially the initial meltdown impacted the metal sector badly. Hindustan Copper profitability is under pressure and company fortune revival is still 3 to 4 quarter away from now. I know that many investor burnt their finger by investing at higher price points and share price of the company went down drastically to sub 50 INR level before recovering.
It is advisable to the investor to stay away from the stock till the clear visibility of Indian and global economy before investing. I know that many investor with lack of knowledge get trapped by seeing the share price and overlook very high P/E and EPS.

In case copper industry shows revival then one may look into Hindustan copper

Disclaimer - Consult your Financial advisor before investing
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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