Coal India: Due to rising energy prices and exceeding the production target of FY 2022, there has been a strong boom in Coal India for the last 3-4 days.
Coal India: Shares of Coal India closed at Rs 188.90 with a gain of 2.19 per cent at the time of closing of trading on BSE today. In fact, Northern Coalfields Limited, a subsidiary of Coal India, is about to cross its production target of 119 million tonnes in the current financial year. Along with this, the company is also going to achieve its capital expenditure target of Rs 1,640 crore. In October last year, this stock touched its 52-week high of Rs 203.85. Analysts say that due to the current Russia-Ukraine war, supply has been affected in the global market. Along with this, due to rising energy prices and exceeding the production target of FY 2022, there has been a strong growth in Coal India for the last 3-4 days.
ICICI Bank, SBI: These 2 heavyweight bank stocks can give up to 53% returns, are they included in your portfolio?
What do experts say
Kshitij Purohit, Lead Currency & Commodities, CapitalVia Global Research, said, “All technical parameters as well as fundamental support indicate that the price is going to move higher in the short to medium term,” said Purohit, adding that the short term resistance is near 198-203. level and above this the price will move towards 220 level. Support for the stock is 179-167.
Federal Bank: This bank stock cheaper than Rs 100 is going to rise, Rakesh Jhunjhunwala has placed a bet, what will you do?
what is the target price
Analysts at Antique Stock Broking have a buy call on Coal India with a target of Rs 232, which is about 22 per cent higher than the previous close. The company has already exceeded the target set by Prabhudas Lilladher. It has given an ‘accumulate’ rating to the stock. The research firm says that Coal India has performed strongly on sales volume in the last six months.
(Article: Surbhi Jain)
(Disclaimer: Investment advice in stocks is given by the brokerage house. These are not the personal views of The Financial Express. there are risks in the market, So take expert’s opinion before investing.
,