Coal India
By Sandeep Singhal
Sandeep Singhal is bullish on Coal India and has recommended buy rating on the stock with a target price of 312.50.
Coal India Limited (CIL) is a holding company. CIL, through seven wholly owned coal producing subsidiaries and one mine planning and consultancy company, is operating in 81 mining areas spread over eight provincial states of India. It encompasses identification of coal reserves, detailed exploration followed by design and implementation and optimizing operations for coal extraction in its mines. Its producing companies are Eastern Coalfield, Bharat Coking Coal, Central Coalfields, South Eastern Coalfields, Western Coalfields, Northern Coalfields, Mahanadi Coalfields and Coal India Africana.
At present it is trading at 312.50. Its 52 week high is 386.25 and 52 week low has been 289.40.