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Buy Coal India, target Rs 260: Manas Jaiswal

Buy Coal India Ltd. at a price target of Rs 260.0 and a stoploss at Rs 245 from entry point.

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Updated: May 29, 2019, 09.11 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Coal India Ltd. with a target price of Rs 260. The current market price of Coal India Ltd. is Rs 250.7. Time period given by the analyst is Intra Day when Coal India Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 245. Coal India Ltd., incorporated in 1973, has a market cap of Rs 154499.60 crore.

Coal India Ltd. key Products/Revenue Segments include Coal which contributed Rs 362.93 Crore to Sales Value (97.99 % of Total Sales) and Other Operating Revenue which contributed Rs 7.44 Crore to Sales Value (2.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 23385.43 Crore, up 12.90 % from last quarter Sales of Rs 20712.71 Crore and up 12.93 % from last year same quarter Sales of Rs 20708.47 Crore Company has reported net profit after tax of Rs 4565.74 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.C K Dey, Mr.R K Sinha, Mr.R P Srivastava, Mr.S N Prasad, Mr.V K Thakral, Mr.Vinod Jain, Ms.Loretta Mary Vas, Ms.Reena Sinha Puri. Company has Chaturvedi & Co. as its auditoRs As on 31-03-2019, the company has a total of 6,162,728,327 shares outstanding.

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