Coal India share price targets: Antique's stock price target on the stock suggest a 24 per cent potential upside on Coal India over the OFS floor price. Motilal Oswal Securities sees the stock at Rs 290.
Speaking on an exclusive interview with CNBC-TV18, the DIPAM Secretary added that the stock market situation is stable and the Indian economy is doing very well.
In the two-day offer for sale (OFS), the government sold its 18.48 crore shares or 3 per cent stake in Coal India at a floor price of Rs 225 apiece. At the floor price, the stake sale would fetch over Rs 4,000 crore to the exchequer.