BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Morgan Stanley maintains underweight on Coal India
Morgan Stanley has maintained its "underweight" rating on Coal India with a target price of Rs 268. Higher cost and increased capex will impair earnings. We cut FY17-18 EBITDA estimates by 2-4 per cent. Target price multiple implies 18 per cent potential downside.