Edelweiss Securities has a buy call on Coal India (CIL NSE 5.00 %), with a target price of Rs 185 for a duration of 12 months. The current market price of Coal India is Rs 150.8.
Coal India, incorporated in the year 1973, is a large cap company with a market cap of Rs 93180.45 crore, operating in mining sector.
Coal India’s key products/revenue segments include other operating revenue and coal for the year ending 31-Mar-2020.
Investment rationale
The brokerage expect CIL’s performance to improve on the back of demand traction from the power sector and higher e-auction volume/premium. On cash accretion, Edelweiss expects receivables to reduce progressively.
