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Market move▲ Bullish for Coal India
Can Coal India’s higher realizations sustain its stock recovery?
The brief
- Higher e-auction premiums and tighter coal inventories are supporting realizations
- Rising production and falling e-auction volumes could test the recovery
- Coal India’s realization outlook matters for Coal India shareholders and domestic coal users
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| COALINDIA | Fri, 25 Sept | +1.0% | +0.6% | 0.4× | +1.0% · Nifty +0.3% |
✓ Classifier read this as positive; COALINDIA rose 0.6% against the Nifty on the day it traded.
- 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
- As stocks fall at power plants, govt mulls imported coal blending