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Buy Coal India, target Rs 222: CK Narayan

Buy Coal India Ltd. at a price target of Rs 222.0 and a stoploss at Rs 211 from entry point.

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Updated: Nov 05, 2019, 09.48 AM IST
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CK Narayan of Chart Advise has a buy call on Coal India Ltd. with a target price of Rs 222. The current market price of Coal India Ltd. is Rs 213.7. Time period given by the analyst is Intra Day when Coal India Ltd. price can reach the defined target. CK Narayan recommended to keep stoploss at Rs 211. Coal India Ltd., incorporated in 1973, has a market cap of Rs 132529.47 crore.

Coal India Ltd. key Products/Revenue Segments include Other Operating Revenue which contributed Rs 618.91 Crore to Sales Value (66.24 % of Total Sales) and Coal which contributed Rs 315.39 Crore to Sales Value (33.75 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 23223.00 Crore, down -13.04 % from last quarter Sales of Rs 26704.27 Crore and up 3.64 % from last year same quarter Sales of Rs 22407.73 Crore Company has reported net profit after tax of Rs 4630.63 Crore in latest quarter. The company’s top management includes Dr.D C Panigrahi, Dr.Khanindra Pathak, Dr.S B Agnihotri, Mr.Anil Kumar Jha, Mr.B Dayal, Mr.B L Gajipara, Mr.R K Sinha, Mr.R P Srivastava, Mr.S N Prasad, Mr.Sanjiv Son, Mr.V K Thakral, Mr.Vinod Jain, Ms.Loretta Mary Vas, Ms.Reena Sinha Puri. Company has Ray & Ray as its auditoRs As on 30-09-2019, the company has a total of 6,162,728,327 shares outstanding.

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