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
Reliance Securities
N/A
26-09-2017 Buy 260.80 301.00
N/A
Open Long (1Y)
26-09-2018

Reliance Securities maintains buy on Coal India

Improvement in the policy environment and infrastructure spend coupled with manufacturing activities will aid in reviving the demand environment for the power sector thereby higher coal demand. We believe that likely improvement in off-take from 2HFY18E onwards and improving e-auction realisations augur well for Coal India. Further, as full impact of grade slippage seems to be over in FY17, we believe that the FSA realisations will recover, going forward. In our view, Coal India is a good defensive play with estimated dividend of Rs16/share in FY18, which translates into dividend yield of around 6.2% at current market price.

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