BSE Code: | NSE Code: | ISIN: | Sector:

NSE
289.85
Change Change %
4.05 1.42%

Updated:23 Oct, 2017, 15:58 PM IST

BSE
289.95
Change Change %
3.75 1.31%

Updated:23 Oct, 2017, 15:55 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
16-08-2017 Hold 236.00 320.00
N/A
Open Long (1Y)
16-08-2018

Nomura maintains neutral on Coal India

Coal India's revenues were 6%/2% below our/consensus forecast; EBITDA 4%/6% above our/consensus forecast, PAT 7%/-11% vs our/consensus forecast. We expect a muted stock price reaction to 1Q earnings. CIL is hosting an analysts' meeting on 16 Aug; we expect insights on demand/offtake, cost control, realisation and payout. Maintain Neutral, our earnings/TP are under review; at CMP, stocks trades at FY19F normalised EV/EBITDA of 5.9x.

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