Coal India shares jumped 2% to the day’s high of Rs 236 on the NSE in Wednesday’s trade after Indian brokerages took a favourable view on the state miner, notwithstanding a decline in the company’s year-on-year (YoY) net profit. Nuvama remains most bullish on the stock, estimating an upside of 57% while Motilal Oswal and Axis Securities see an uptick of about 15-30%.<\/p>\n
Jefferies, on the other hand, has a ‘Hold’ stance while Kotak Institutional Equities recommended ‘Reduce’ based on the continuing downward trend in auction prices which it said weighs on the profitability of the company.<\/p>\n","protected":false},"excerpt":{"rendered":"
Coal India shares jumped 2% to the day’s high of Rs 236 on the NSE in Wednesday’s trade after Indian brokerages took a favourable view on the state miner, notwithstanding a decline in the company’s year-on-year (YoY) net profit. Nuvama remains most bullish on the stock, estimating an upside of 57% while Motilal Oswal and Axis Securities see an uptick of about 15-30%. Jefferies, on the other hand, has a ‘Hold’ stance while Kotak Institutional Equities recommended ‘Reduce’ based on the continuing downward trend in auction prices which it said weighs on the profitability of the company.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-596857","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/596857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=596857"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/596857\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=596857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=596857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=596857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}