Stocks to buy: Anand Rathi bullish on Hindustan Copper shares, sees 45% upside in the PSU stock; here’s why

Anand Rathi has maintained a Buy rating on Hindustan Copper with a 12-month target price of Rs 715, implying 45 percent upside from the current price of Rs 491.35. The brokerage expects revenue to rise 3.3x to Rs 10,200 crore over FY26-31 with about 3.5x rise in EBITDA to Rs 5,100 crore, valuing the stock at 8.7x FY30e EV/EBITDA. The bullish view is supported by capacity expansion plans including the Gujarat Copper Plant contract (expected incremental revenue of Rs 110-125 crore), resumption of the Kendadih mine with plans to double capacity, and potential revival of Pathargora and Dikchu copper blocks.