Time period given by analyst is Intra Day when Coal India Ltd. price can reach defined target.
Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 101346.07 Crore) operating in Mining sector.
Coal India Ltd. key Products/Revenue Segments include Other Operating Revenue and Coal for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company has reported a Consolidated Total Income of Rs 25963.12 Crore, down -7.19 % from last quarter Total Income of Rs 27974.12 Crore and up 34.72 % from last year same quarter Total Income of Rs 19271.83 Crore. Company has reported net profit after tax of Rs 3175.22 Crore in latest quarter.
Investment Rationale
After losing nearly 20 per cent, renewed buying interest has emerged in stock near 50-day average. Positive follow-up action is likely to lift the stock towards Rs 181.
Promoter/FII Holdings
Promoters held 66.13 per cent stake in the company as of 30-Sep-2021, while FIIs owned 6.74 per cent, DIIs 22.0 per cent.
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