Market Dashboard
BSE Code: | NSE Code: | ISIN: | Sector:
| Change | Change % |
| -5.40 | -1.92% |
Updated:21 Sep, 2018, 15:56 PM IST |
|
| 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 |
|---|---|---|---|---|---|---|
| Reliance Securities N/A |
26-09-2017 | Buy | 260.80 | 301.00 N/A |
Target Hit | 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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