{
  "id": 3679555,
  "title": "Hindustan Copper shares fall 3%, multibagger stock drops 6% in 3 days as OFS concludes. What lies ahead?",
  "url": "https://urgent.news/2026/08/27/hindustan-copper-shares-fall-3-multibagger-stock-drops-6-in-3-days-as",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T05:17:24.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/hindustan-copper-shares-fall-3-multibagger-stock-drops-6-in-3-days-as-ofs-concludes-what-lies-ahead/articleshow/133557108.cms"
  },
  "original_language": "en",
  "account": "Hindustan Copper, India's major metals company, experienced a decline in its stock price as the government concluded its offer for sale (OFS) in the company's equity. The stock saw a 3% drop on Thursday, with its value falling to Rs 541.20 per share. The OFS, which saw strong interest from investors, had a total size of nearly Rs 2,982 crore. The government planned to sell a 3% equity stake in the company, with an additional 3% available as a green shoe option. The floor price for the OFS was set at Rs 514 per share, ensuring the stock's availability even if demand exceeded supply. The OFS opened for non-retail investors on August 25 and for retail investors on August 26, both days recording oversubscription. The sale was the government's latest successful stake sale in a public sector unit (PSU), following recent successful offerings in LIC, Coal India, NHPC, NLC India, and others. Hindustan Copper's shares have experienced volatility in recent weeks, falling over 3% in a week but gaining more than 12% in a month and 4% in 2023. Despite the short-term fluctuations, the company has delivered impressive returns over the long term, with a 134% return in the past year and 274% in the last three years. Analyst Vaqarjaved Khan cautioned investors against chasing the OFS purely based on its 10% discount on the opening day, emphasizing that the stock's value should be based on the company's strong fundamentals. Hindustan Copper's first-quarter profit surged 163% year-over-year to Rs 353 crore, with margins near 54% and additional capital injected into capacity expansion plans by fiscal year 2030. However, Khan stressed that the margin improvement was driven by copper prices, rather than the mine's performance. He advised investors to consider investing in Hindustan Copper if they are looking to hold onto copper for three years, rather than trying to capitalize on short-term gains that may not materialize.",
  "summary": "Hindustan Copper shares fell around 3%, after the government concluded its Rs 2,982-crore OFS, which was oversubscribed. The company also faces Rs 14.43-lakh fines each from BSE and NSE over board composition compliance. Despite short-term pressure, the stock has delivered strong long-term returns.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}