Unstoppable bull run: multibagger miniratna stock soars over seven percent
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Gupta has over 28 years of experience in the mining industry. Also he has worked in India and abroad. Hindustan Copper Limited was established in 1967. It was the first PSU of the country and its job was to produce copper in the country. It took over the responsibility of the National Mineral Development Corporation Limited. It works on the entire process of copper production. This includes everything from mining to converting copper into a market ready product. The company’s profits have grown at a CAGAR of 30% in the last five years. Also, the company has given an excellent dividend of 29.9%.
Hindustan Copper Limited has given multibagger returns to its investors. Multibagger stocks are called such stocks which see a lot of growth. The term was coined by Peter Lynch. Hindustan Copper Limited fits this definition. In the last three years, the shares of the company have gained 326%. The government has 66.14 percent stake in this company. Investors should keep a close watch on this trending stock.
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