5 Best Copper Stocks to invest in 2024

Published : 28 June 2024

Hindustan Copper

The company is India’s only copper company that has vertical integration. Its shares are trading at around ₹ 315 at present with ROCE and ROE of 15.74% and 12.92% while the OPM is noted at 24.86%. 

Vedanta

Vedanta is currently trading around ₹ 435 with an ROCE of 24.09% and ROE of 13.79%. Its OPM is around 18.80%. It contributes 36% to India’s refined copper production. 

Hindalco

The company manufactures copper cathode and is one of the renowned players in the industry. It is currently trading at around ₹ 680 with an ROCE of 10.34% and ROE of 9.56%. Its OPM is around 8.26%.

NMDC

The company is engaged in the exploration of various minerals including copper and others like gypsum, iron ore, etc. Its shares are trading at around ₹ 242  at present with ROCE and ROE of 30.49% and 21.71% while the OPM is noted at 39.01%.

Adani Enterprises

The company is running a greenfield copper refinery project under its subsidiary Kutch Copper in Mundra. It is currently trading around ₹ 3160 with an ROCE of 8.78% and an ROE of 9.18%. Its OPM is around 10.57%.