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Buy Coal India, target Rs 280: Kunal Bothra

ETMarkets.com|
Oct 03, 2017, 08.51 AM IST
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Independent analyst Kunal Bothra has a buy call on Coal India with a target price of Rs 280.

The current market price of Coal India is Rs 270.60.

Time period given by the analyst is intraday when Coal India price can reach defined target.

Kunal Bothra recommended to keep a stop loss at Rs 266.

Coal India, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1,67,972.49 Crore) operating in Mining sector.

Coal India key Products/Revenue Segments include Coal which contributed Rs 306.40 Crore to Sales Value (98.46 per cent of Total Sales) and Other Operating Revenue which contributed Rs 4.78 Crore to Sales Value (1.53 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 18,404.32 Crore, down 17.93 per cent from last quarter Sales of Rs 22,423.92 Crore and up 3.42 per cent from last year same quarter Sales of Rs 17,796.05 Crore.

Company has reported net profit after tax of Rs 2,351.73 Crore in latest quarter.

The company's top management includes Dr.D C Panigrahi, Dr.Khanindra Pathak, Dr.S B Agnihotri, Mr.C K Dey, Mr.R K Sinha, Mr.R R Mishra, Mr.S Bhattacharya, Mr.S N Prasad, Mr.S Sharan, Mr.Vinod Jain, Ms.Loretta Mary Vas, Ms.Reena Sinha Puri.

Company has Chaturvedi & Co. as its auditors.

As on 30-06-2017, the company has a total of 6,207,409,177 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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