BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains buy on Coal India
Coal India's Q1 profit of Rs 3,070 crore was below Street's estimates by 14 per cent. However, with oversupply being addressed and e-auction prices inching up on the back of higher prices of imported coal and petcoke, we do not expect further business deterioration.