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Net profit of Hindustan Copper declined 65.24% to Rs 18.40 crore in the quarter ended September 2008 as against Rs 52.94 crore during the previous quarter ended September 2007. Sales rose 1.98% to Rs 335.19 crore in the quarter ended September 2008 as against Rs 328.69 crore during the previous quarter ended September 2007.
Indian Stock Market
2 comments:
It will be interesting to see what the combined effect of the Chinese $586 billion economic stimulus package together with People's Bank of China interest rate cut will be on global demand for base metals and copper in particular going forward.
I know the BRIC economies are now responsible for a signifcant proportion of global demand for copper, but how much of the metal mined in India is consumed in the domestic economy as opposed to exported to economies like China?
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