Hind Copper OFS may not be big draw for retail investors

Mumbai: Analysts are cautious about retail participation in Hindustan Copper's offer for sale (OFS), despite the nearly 10% discount to the stock's closing price, as the recent sharp rally in metal stocks and elevated valuations could limit near-term gains. While the institutional portion got more bids than the shares set aside for the category on Tuesday-the first day of the offer -analysts said the discount alone may not be sufficient to make the offer attractive to retail investors.