State-insurer Life Insurance Corporation of India (LIC) has trimmed its stake in Hindustan Copper by 2% bringing its holding in the company to 4.07%. The equity was sold between August 16 and December 23 in the open market, the metal major told exchanges.Country's largest life insurance company LIC held a 6.086% stake representing 5.9 crore equity shares in Hindustan Copper prior to the selling period. The NSE shareholding data shows LIC holding 4.67% in the company as on September 30, 2025.The sell-off comes amid a stellar rally in the shares of Hindustan Copper which have surged 76% in 2025, so far. It has been among the most consistent metal stocks with 3-year returns of 337% while delivering a whopping 620% returns in the past five years.The multibagger stock has outperformed the sector on a consistent basis. Nifty Metal's five-year and three-year returns stand at returns stand at 242% and 72%, respectively. The index's last one-year returns are to the tune of 22%.The year-long rally has pulled the stock into a strongly overbought zone with its Wednesday RSI and MFI hovering around 78 and 87, respectively. A number above 70 is considered to be overbought.The company's earnings have backed the surge in the stock price. Hindustan Copper posted around an 85% rise in consolidated net profit in the September 2025 ended quarter at Rs 186.02 crore, owing to increased income. It had clocked a net profit of Rs 101.67 crore in July-September period of FY25, the state-owned company said in an exchange filing.Also Read: LIC trimmed Adani Ports stake by 2% between 2022 and 2025. Check detailsDuring the period, the company saw its income grow to Rs 728.95 crore from Rs 550.05 crore in the second quarter a year ago.Expenses stood Rs 480.32 crore as against Rs 414.73 crore in the year-ago quarter.Under Ministry of Mines, Hindustan Copper is in exploration, mining, and beneficiation of copper ore to produce and sell copper concentrate.Also read: LIC uses Cipla’s dip as entry point, raises stake by 2% to 7.05%(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
LIC books profit in Hindustan Copper, cuts 2% stake in four months as stock rallies 76% in 2025
Published 4 hours ago
Source: economictimes.indiatimes.com
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