Coal India shares rallied as much as 4.11 per cent in the morning deals on Friday, a day after the company reported an impressive 362.46 per cent jump in its net profit at Rs 6,024.23 crore for the quarter ended March 31, 2019.
At 10:35 am, the stock was trading at Rs 258.45 apiece on the BSE, up over 2 per cent against 0.52 per cent rise in the S&P BSE Sensex at 40,039 levels.
The state-run coal mining company had posted a net profit of Rs 1,302.63 crore in the corresponding qurater of the previous fiscal year.
The company’s net revenue rose 7.53 per cent to Rs 28,546.26 crore as against Rs 26,547.58 crore logged in the fourth quarter (Q4) of FY18.
