Mumbai: Shares of state-owned Coal India surged to their highest levels in two-and-a-half years after its second-quarter earnings beat Street estimates. Some analysts raised their price targets. A hefty interim dividend (₹15 per share) also fuelled the bullish momentum in the stock that advanced nearly 3% on Wednesday.
Shares of Coal India NSE 0.65 % closed at ₹256.85 apiece on the NSE, up 2.93% from the previous close.
