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Buy Coal India, price target Rs 217: Nirav Chheda

The analyst suggested a stoploss at Rs 199

Last Updated: Dec 02, 2019, 09.07 AM IST
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Nirav Chheda of Nirmal Bang Securities has a buy call on Coal India Ltd. with a target price of Rs 217.0 . The current price of Coal India Ltd. is Rs 205.05 Time period given by the analyst is Intra Day when Coal India Ltd. price can reach defined target. Nirav Chheda recommended to keep a stoploss at Rs 199 .

Coal India Ltd., incorporated in 1973, has a market cap of Rs 126366.74 crore. Coal India Ltd. key Products/Revenue Segments include Other Operating Revenue which contributed Rs 618.91 Crore to Sales Value (66.24 % of Total Sales) and Coal which contributed Rs 315.39 Crore to Sales Value (33.75 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 20382.63 Crore, down -12.23 % from last quarter Sales of Rs 23223.00 Crore and down -.08 % from last year same quarter Sales of Rs 20398.65 Crore Company has reported net profit after tax of Rs 3524.25 Crore in latest quarter.

The company’s top management includes Mr.Anil Kumar Jha, Mr.B Dayal, Mr.B L Gajipara, Mr.R K Sinha, Mr.R P Srivastava, Mr.S N Prasad, Mr.Sanjiv Son, Mr.V K Thakral, Ms.Reena Sinha Puri. Company has Ray & Ray as its auditors. As on 30-09-2019, the company has a total of 6,162,728,327 shares outstanding.

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