[ad_1] Coal India Ltd., India’s largest mining company has had a subdued second half of 2024, with the state-run stock correcting over 30% from its peak. It was also among the top PSU losers from August 1, which was the day the Nifty PSE index hit a record high. Company Value Change %Change The company […]
Coal India shares to see a 32% upside on strong power demand, valuations: Morgan Stanley – CNBC TV18
[ad_1] Brokerage firm Morgan Stanley has initiated coverage on state-run Coal India Ltd. with an “overweight” rating and a price target of ₹525. The price target implies a potential upside of 32% from Tuesday’s closing levels. Morgan Stanley wrote in its note that a strong power demand outlook for India will support Coal India’s volumes […]
Coal India yet to reach 50% of FY25 production target as October output grows only 2% – CNBC TV18
[ad_1] Coal India is yet to reach half of its production target for financial year 2025, seven months into the year, according to its production and offtake data for the month of October. Production for the month of October increased by 2.3% from the same period last year to 62.5 million tonnes (MT) from 61.1 […]