Hindustan Copper surged up to 67% in December, hitting a 15-year high before trimming some gains, while Hindustan Zinc rose around 35%, driven by strong global copper and silver prices.
The metals rally has bolstered investor sentiment, reflecting optimism about base metals amid robust demand. Analysts, however, advise caution, noting that both stocks appear overbought at current levels.
While long-term prospects remain positive due to steady commodity demand and supportive market trends, short-term volatility could persist. Investors are recommended to assess risk and consider waiting for a potential correction before entering.