Coal India share price target: Coal India's stock experienced a downturn, with shares falling over 4 per cent to an intraday low of Rs 441.2 on Tuesday. Brokerages like Motilal Oswal and JM Financial are still bullish on the stock. , Markets News, Times Now
Coal India, the state-run mining giant, plans to bid for three critical minerals blocks in India s auctions. The company aims to participate in the auctions for lithium and nickel mines, reflecting a strategic move into the minerals sector. Additionally, Coal India has explored lithium mines in Australia and is engaged in preliminary discussions about potential operations.
Coal India's net profit surged to Rs 9,069 crore in the December quarter from Rs 6,799 crore in the second quarter. The consolidated revenue from operations in October-December increased to Rs 36,153.97 crore from Rs 35,169.33 crore a year ago.
Coal India shares at at 7 times FY2026 earnings per share (EPS) are attractively valued and the stock offers a high dividend yield of 8-9 per cent, said Sharekhan.