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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