Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
275.25
Change Change %
-5.40 -1.92%

Updated:21 Sep, 2018, 15:56 PM IST

BSE
275.65
Change Change %
-4.90 -1.75%

Updated:21 Sep, 2018, 16:01 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
Target Hit 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.

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