Coal India, the country’s largest coal producer, re-entered the list of top-50 most valued companies in terms of market captialisation in the country on the back of a strong rally. The stock hit a fresh 52-week high at Rs 195.20, on ralling 12 per cent on the BSE in Wednesday’s intra-day trade on back of heavy volumes. In past three weeks, the stock has zoomed 31 per cent on improved business outlook.
A sharp rally in the share price of Coal India has seen the company’s market capitalisation (market-cap) crossing and regaining Rs 1-trillion mark. Currently, with a market-cap of Rs 1.18 trillion, Coal India stood at 42nd position in overall market-cap ranking, the BSE data shows. The stock had hit a record high of Rs 447 on August 5, 2015.
