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
HDFC Securities
N/A
23-08-2017 Buy 240.00 300.00
N/A
Open Long (1Y)
23-08-2018

HDFC Securities maintains buy on Coal India

Coal India's (CIL) recent performance has been uninspiring: flat offtake, lowest FSA realisations since 3QFY12 despite prices hikes, and weak e-auction premia. This has weighed on the numbers with LTM EBITDA down 27% and adjusted PAT (ex-OBR provisions) down 25% YoY. Coal offtake should improve hereon, given restocking demand from power plants. Third party sampling for 100% of its dispatches, lower taxation and continued discounts given to landed parity prices should ensure bottoming out of realisations.

Market Data provided by © Accord Fintech. © Copyright NDTV Convergence Limited 2017. All rights reserved.