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HomeBusiness NewsBuy Coal India, target price Rs 165: Kotak Securities : Shivpurinews.in

Buy Coal India, target price Rs 165: Kotak Securities : Shivpurinews.in

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Kotak Securities has buy call on Ltd. with a target price of Rs 165. The current market price of Coal India Ltd. is Rs 158.1.

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 97710.06 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 30-09-2021, the company reported a Consolidated Total Income of Rs 24072.83 Crore, down -7.28 % from last quarter Total Income of Rs 25963.12 Crore and up 8.25 % from last year same quarter Total Income of Rs 22237.82 Crore. Company reported net profit after tax of Rs 2937.80 Crore in latest quarter.

Investment Rationale
Formed Higher Low series pattern with rising volume which suggests bullish momentum



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.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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