Copper rally driven by supply crunch, volume growth, not just prices: Anand Rathi

Hindustan Copper’s stock rally is driven by more than just higher copper prices, says Anand Rathi Institutional’s Parthiv Jhonsa. Lease extensions, rising concentrate volumes and a global supply crunch support long-term growth. Copper prices are likely to stay elevated, while capacity expansion and strong cash flows could fuel earnings growth over the next five years.