Coal India Share Price: Edelweiss says BUY - Know target here
Coal India share price today is Rs 153.2, up Rs 4.15 or 2.8%. Coal India share price touched intraday high of Rs 154.4 today. The 52 week high on the stock is Rs 163 and 52 week low is Rs 109.55. Coal India market cap is Rs 94400 cr. Edelweiss remains positive on the stock’s prospects as the drivers of sustainable dividend yield of 9% are in place. Edelweiss maintains ‘BUY/SO’ with target price of Rs 186 on 9x Q2FY23E EPS. Coal India share price is 2nd top gainer on Nifty today
Edelweiss says Coal India’s receivables have declined 17% (from the Feb 2021 peak) to Rs 208 bn in April 2021. Given the traction in power sector volume, up 34.2% YoY in Apr 2021: Reuters