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Coal India shares gain 3% to touch 52-week high on strong Q1 numbers
Coal India Ltd on Wednesday reported an almost three-fold rise in consolidated net profit at Rs 8,832.86 crore for the June 2022 quarter on the back of higher sales.
Coal India says enough supplies, advises power plants to stock up
CIL has called for bids to supply 2.4 mt of coal to be delivered for the July to September 2022 period
Moderate valuation, high dividends should provide floor to Coal India stock
Global slowdown leading to lower prices, fall in e-auction volumes and higher-than-expected wages are downside risks
Coal India hits 52-week high, regains Rs 1 trillion market capitalisation
The stock of the state-owned company surpassed its previous high of Rs 162.95, touched on February 26, 2021.
Good Feb volumes not enough, power sector demand key for Coal India stock
Pressure on e-auction premiums, subdued outlook on prices and stake sale overhang remain key concerns
Coal India surges 4% post strong Q4 nos, brokerages see up to 26% upside
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.
Coal India share sale to employees receives a lukewarm response
Only 1,000-1,200 online applications received; share sale offer in open market had seen only 0.2% oversubscription
Govt's 3% share sale in Coal India over-subscribed; to fetch Rs 50 bn
On top of the 3 per cent stake sale, the government also has an option to retain an over-subscription of another 6 per cent stake in the CIL OFS
Coal India share sale garners just Rs 42 bn, much less than govt's target
Institutional demand less than a third of the total issue size of Rs 148-bn
Centre planning to raise at least Rs 10 bn via Coal India share buyback
The decision of the government may also have been influenced by the dividend payout from Coal India this year
Govt transfers Coal India shares to Bharat 22 ETF
The ICICI Prudential MF-managed Bharat 22 ETF's new fund offer (NFO) has a size of over Rs 8,000 crore.