Coal India share price falls 5% as two-day OFS by government opens. Should you buy or sell the PSU stock?

Coal India share price tumbled 5.30% to ₹433.95 on NSE in Wednesday’s trading session after the central government announced a stake sale via the offer for sale (OFS) route. The stock opened at ₹429 apiece today, as compared to the previous close of ₹458.15 on Tuesday.

The stock has largely remained positive in the near term, soaring over 8.45% on a year-to-date (YTD) basis and 8.59% in a year.