“The first recommendation would be a buy on Coal India. It has given a breakout, it has seen a follow through breakout and it has a good structure on point-and-figure charts as well. One can keep a sort of 275 and play for targets of 330. The second recommendation would be a buy on Axis Bank.”

On September 27, Wednesday, over 100 stocks entered the overbought territory, signifying robust demand. ETMarkets scrutinizes the importance of RSI and pinpoints 10 stocks displaying this bullish momentum.

The sustainable utilization of mine water resources by public sector companies under the coal ministry has benefited over 17 lakh people in nine states. The stored mine water is used for various purposes such as domestic and drinking water supply, irrigation, groundwater replenishment, dust suppression, and machinery washing. Around 46% of the discharged mine water is allocated for community uses, 49% for domestic and industrial needs, and 6% for groundwater recharge initiatives.

Sharekhan is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 330 in its research report dated September 22, 2023.

Selling on rallies might remain a favourable strategy as long as the Nifty50 remains below the 20,000 mark.

Central trade unions in India, including Bharatiya Mazdoor Sangh and All India Trade Union Congress, have demanded that non-executive employees of Coal India receive salaries according to the latest wage pact. They have threatened a three-day strike if their demands are not met. The trade unions want the salaries to be based on the National Coal Wage Agreement (NCWA) XI.

Stock for tomorrow#COALINDIA ✌️✌️Intraday Stock for Tomorrow 20.09.23

On September 20, Wednesday, Trendlyne uncovered an intriguing pattern in the stock market - the Golden Crossover. In this article, we delve into the significance of this bullish signal and why investors should take note. ETMarkets has handpicked 10 stocks from the list of 40 Nifty stocks that have experienced this pattern, providing valuable insights for potential investors.

About 8 stocks that gave double-digit returns in August saw more than 1 crore of shares being bought by mutual funds.

Five national trade unions, including the Bharatiya Mazdoor Sangh (BMS), have announced a three-day coal workers' strike from October 5 due to issues with wage payment. The unions have served a memorandum to the Coal India chairman, stating that the September salary of non-executive miners and staff in CIL and SCCL would be paid on the basis of the National Coal Wage Agreement (NCWA)-10 instead of NCWA-11.

Analysts said upsides in the stock benchmarks were capped as investors and traders were, at the time, awaiting US consumer inflation data after trading hours in Mumbai on Wednesday.

This article explores the significance of the Golden Crossover and why it's essential for investors to assess stock movements based on this pattern. Join us as we analyze 10 stocks that recently experienced the Golden Crossover, offering insights for your investment decisions.

Coal India announced it will make a capital investment of nearly Rs 24,750 crore on 61 First Mile Connectivity (FMC) projects over the next couple of years in a bid to boost eco-friendly coal transportation

BSE Metal Index advanced 11 percent in the last month amid expectations of rise in demand in domestic markets going forward

The projects, which will be set up by CIL in three phases in a bid to promote eco-friendly coal transportation, will have a combined capacity of 763.5 million tonnes per annum (MTPA) on completion, Coal India has stated.

On September 8, Friday, data sourced from StockEdge revealed that over 100 stocks were trading in an overbought zone

In the fast-paced world of stock trading, spotting overbought conditions is crucial. This article explores the concept of overbought stocks and why it's essential to track them using the Relative Strength Index (RSI). On September 7, Thursday, StockEdge identified over 100 stocks in the overbought zone, and ETMarkets has curated a list of 10 stocks that demand investor attention. Gain insights into the significance of RSI and explore these overbought stocks to make informed investment decisions.

“Mutual funds missed the bus. Most of them are underweight PSUs, whether it was oil and gas or GAIL or NTPC. And now they are just catching up. If you hold these stocks, continue to hold them because they can rise higher. If you want to own them, then start nibbling in corrections.”

Stocks that were in focus included names like Coal India, which rose 6.92%, APL Apollo, which fell 3.93%, and Tata Consumer, whose shares declined 2.27% on Thursday.

#COALINDIA Coalindia In 15min Time frameFor Indtraday.........Can Buy Once Break the Upper SupportTarget___232

Coal India, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 153944.95 Crore) operating in Mining sector.

On the weekly options front, the maximum Call OI is placed at 19,600 and then towards 19,700 strikes while the maximum Put OI is placed at 19400 and then towards 19300 strikes.

The stocks picked by ICICI Securities include the likes of ONGC, South Indian Bank, Coal India, Manappuram Finance, Gail (India), Karur Vysya Bank, Jindal Stainless, State Bank of India (SBI), Va Tech Wabag, PCBL, Jindal Steel, Kalpataru Projects and Axis Bank.

ICICI Securities is bullish on Coal India recommended buy rating on the stock with a target price of Rs 285 in its research report dated September 04, 2023.

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Coal India posted a 13 percent YoY growth in its output at 52.3 million tonnes (MT) in August 2023.

India has increased its use of coal for electricity generation due to lower hydroelectricity output and record power demand.Analysts attribute the higher power use to farmers using more electricity for irrigation, intermittency of renewables, and increased cooling demand. India's peak demand exceeded available capacity by 7.3 GW in August.

In August, the supplies to the power sector at nearly 47 MT increased by nearly 8 compared to 43.6 MT of the same month last year. Against the commitment of 1.44 MT per day, the company supplied 1.515 MT per day to the power sector.

India is preparing to start the auction process for some 100 critical mineral blocks in the next four months, as part of plans to secure domestic supplies of the raw materials needed to fuel the green energy transition. The blocks are for minerals including nickel, lithium, cobalt and platinum, along with rare earths, Mines Secretary Vivek Bharadwaj said in an interview in New Delhi.

Coal India Limited (CIL) and its subsidiaries are planning to set up pump storage projects (PSP) on closed mines to diversify towards alternate sources of energy. The projects will utilize solar energy to develop hydro projects. The plan is part of the coal ministry's ambition to utilize the water stored in closed mines to generate hydro energy during night time.

The power ministry has directed imported coal-based power units to run at full capacity further till October in the backdrop of electricity demand smashing records in August. Coal stock at power plants have depleted at a tad faster pace than previous months. The stocks fell to 31.8 million tonnes as of August 21 from 34.9 million tonnes on August 1.

Torrent Power and Vantage Point Asset Management have appealed against the decision to award bankrupt SKS Power Generation to Sarda Energy & Minerals, alleging bias in the evaluation process. Both companies are seeking the court's direction to reconsider their plans and provide another opportunity to offer better value.

Coal Minister Pralhad Joshi has stated that there is enough coal stock with thermal power plants and Coal India Ltd. The comments come as electricity demand in India rises due to humid weather and dry spells. Joshi emphasized the need to boost coal transportation via the rail-sea-rail route. Although coal stocks at power plants have depleted slightly in August, they are still sufficient.

The crossing of the 200-day SMA by Coal India, IRCTC, Steel Authority Of India, Bajaj Finserv, and Page Industries signifies their promising market performance and growth prospects.

The Centre is preparing a ₹12,000-crore inland waterway on the Brahmani river in Odisha to move goods from four industrial clusters to ports of Paradip and Dhamra. Under the proposed plan, the infrastructure component will be done by the government on an engineering, procurement and construction (EPC) model.

Coal India had fixed August 18, 2023, as the record date for final dividend of Rs 4.

Shares of companies usually trade ex-dividend on the day or a day before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment

Given the country’s growing shift to renewable energy, the coal ministry has decided to foray into thermal power plants, and not just mine coal.

Land was the major expenditure head at Rs 1,311 crore, accounting for 28 percent of the total capex spend in the April-July period.

Land was the major expenditure head at Rs 1,311 crore, accounting for 28 percent of the total capex spend in the April-June quarter.

Coal India Ltd's capital expenditure rose 8.5 per cent during April-July this fiscal to Rs 4,700 crore as it continued to invest heavily in evacuation infrastructure, land, and mining machinery, officials said. The capex spend during the first four months of the current fiscal year that started in April, was almost 100 per cent of the target of Rs 4,754 crore.

The capex spend during the first four months of the current fiscal year that started in April, was almost 100 per cent of the target of Rs 4,754 crore and 28.3 per cent of the annual target of Rs 16,600 crore (for 2023-24 fiscal), they said.

Motilal Oswal is bullish on Coal India recommended buy rating on the stock with a target price of Rs 300 in its research report dated August 08, 2023.

Sharekhan is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 270 in its research report dated August 08, 2023.

Axis Securities is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 265 in its research report dated August 09 2023.

This article delves into the world of stock analysis, shedding light on the importance of the Relative Strength Index (RSI) in assessing stock movements. Highlighting data from a recent screener, we explore 10 stocks that are currently witnessing an uptrend in their RSI values.

Jefferies on the other hand took 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.

The company is also implementing efforts for bed additions to boost growth momentum over the next three to five years, said the note. It continues to evaluate the inorganic opportunities as well.

Promoters held 63.13 per cent stake in the company as of 30-Jun-2023, while FIIs owned 9.3 per cent, DIIs 22.13 per cent.

Coal India, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 143591.57 Crore) operating in Mining sector.

CIL's total expenses in the first quarter increased 11.5 percent to Rs 26,745.68 crore from Rs 23,985.31 crore in the corresponding quarter of the previous fiscal.

Revenue from operations also beat the estimates at Rs 35,983 crore in the reporting period, rising by a marginal 3% YoY.

Based on the mean consensus of four brokerage firms, Coal India is expected to report a revenue of Rs 34,501 crore in Q1FY24, which would be a 1.68 percent decrease YoY from Rs 35,902 crore reported in Q1FY23.

Deven Choksey says, "Coal India is expected to report higher numbers due to sustained elevated levels of production and better realization from the open options market. Overall the balance sheet looks relatively more positive than what we have seen up till now. Mid-tier pharma companies are also expected to show better performance, particularly those with specialty product portfolios such as Cipla and Sun Pharma."

The stock market witnessed a dynamic performance in the stock market as several notable stocks crossed their 20-day Simple Moving Averages (SMA), indicating significant market momentum and potential upward trends.

Coal PSUs have planned to scale up their total installed renewable energy capacity to 7,231 megawatt (MW) by 2027, an official statement said on Thursday. About 1,600 MW of renewable capacity has already been created till March 2023, by the PSUs Coal India Ltd (CIL), NLC India Ltd (NLCIL), and Singareni Collieries Company Limited (SCCL).

While one project is planned near Amarkantak in Madhya Pradesh, the other is at Sundergarh district, in Odisha. It will be a 1 x 660 MW plant at an estimated cost of Rs 5,600 crore, the Ministry said adding the Madhya Pradesh project is in advanced stages of approval.

On August 1, StockEdge reported 38 stocks with RSI trending up, and from this list, ETMarkets has shortlisted 10 stocks. In this article, we will delve into the significance of RSI, analyze the trending up stocks, and explore why investors should closely evaluate RSI movement in their decision-making process

The stock market witnessed significant movements as several stocks surged beyond their last week's high on August 1, 2023, indicating a potential upside in the market. Investors are closely observing these stocks for potential investment opportunities in the ongoing market trends.

Coal India has also seen a breakout of falling resistance trendline and formed robust bullish candlestick pattern on the daily scale, while the volumes remained strong for second consecutive session.

Companies like Borosil Renewables, Nocil, Tech Mahindra, HCL Technologies, Gujarat Alkalies and Chemicals, KNR Constructions, and Coal India, showcasing strong performance in their respective sectors.

As of 31st July 2023, several stocks have demonstrated significant growth by crossing their 200-day Simple Moving Average (SMA), a key technical indicator used to assess the stock's trend and potential.

At 53.6 MT, the production was up by 6 MT from the 47.3 MT output of July last year, Coal India Ltd (CIL) said in a statement on Tuesday.

The company has recently amended its Memorandum of Association (MoA) to include non-ferrous and critical minerals, indicating its commitment to expand its presence in new sectors.

Total supplies during April-July 2023 to all-consuming sectors were up to 244.5 MTs clocking 5.7% growth over a high base of 231.2. MTs of the same period last fiscal. Supplies on a year-on-year basis have witnessed 13.3 MTs expansion during the first four months of the financial year in reference.

The Golden Crossover is a popular technical chart pattern that occurs when a stock's short-term moving average (usually the 50-day Simple Moving Average or SMA) crosses above its long-term moving average (typically the 200-day SMA). This formation is considered a bullish signal, suggesting a potential upward trend in the stock's price

South Eastern Coalfields Ltd (SECL) is set to plant 26 lakh saplings in Chhattisgarh and Madhya Pradesh at a cost of INR 168 crore as part of their green initiatives. The saplings will be planted for a period of five years starting from 2023-24 to 2027-28, with a subsequent maintenance period of 4 years for each consecutive year.

The government, which owns a 78.2% stake in RVNL, has proposed to sell a 3.4% holding in the state-run railway infrastructure company, with an option to sell 1.96% more if oversubscribed. The floor price for the sale has been set at 119 rupees per share, representing an over 11% discount to Rail Vikas stock's closing price on Wednesday.