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Broker call▲ Bullish for Coal India
Coal India shares | Nuvama upgrades to Buy, hikes target price on higher e-auction premium
The brief
- September offtake rose 12.5%
- Nuvama upgraded Coal India to Buy, citing higher e-auction premiums and volumes
- Higher e-auction premiums may support Coal India’s realisations and earnings
- No coal shortage, says Reddy; plants with critical stocks rise to 82
- Coal India Unit SECL said to hire banks for $800 million IPO
- Coal stocks worsen as 77 thermal power plants face critical inventories
- India orders 112 captive coal plants to run at full capacity from October 1
- SAIL signs MoU with BCCL for joint development of coal blocks