Play for a bounce back? Gaurav Bissa’s 2 top picks in this market
“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.”
Varun Beverages, Coal India among 10 overbought stocks with RSI above 70
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.
Sustainable utilisation of coal mine water resources by PSUs results in benefit for around 17.7 lakh people
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.
Trade unions demand wage revision for non-executives, threaten 3-day stir in Coal India
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.
BPCL, Coal India among 10 Nifty stocks with golden crossover pattern
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.
Trade unions call for 3-day coal workers' strike from October 5 over wage payment
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.
Records tumble as bulls lead in market relief rally
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.
Coal India, HCL Technologies among 10 Nifty stocks with golden crossover pattern
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 stock edges up on Rs 24,750-crore capex plans
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
Coal India commits Rs 24,000 crore for 61 eco-friendly FMC projects
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.
PVR Inox, Coal India among 10 overbought stocks with RSI above 70
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.
Industrial and power stocks rock! Sanjiv Bhasin's overweight on these 3 stocks
“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.”
Big movers on D-Street: What should investors do with Tata Consumer, Coal India and APL Apollo?
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.
Stocks to buy today: Coal India, ONGC among top 10 trading ideas for 5 September 2023
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.
SBI, Axis Bank & 10 other value picks from ICICI Securities as number of investable stocks drop
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.
Buy Coal India; target of Rs 285: ICICI Securities
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.
India steps up coal use to stop outages triggered by unusually dry weather
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.
Coal India output grows 13 pc to 52.3 MT in Aug; supply up 15 pc at 59 MT
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 to start lithium, other critical mineral blocks auction in next four months, Mines Secretary Vivek Bharadwaj says
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 Ministry plans pump storage projects on closed mines for hydro energy
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.
Govt extends mandate for imported coal-based power plants to operate till October
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.
SKS Power's losing bidders challenge lenders' decision
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 stocks sufficient to meet rising demand, says Union Minister Pralhad Joshi
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.
Bajaj Finserv, IRCTC among 5 large & midcap stocks which cross 200-day SMA
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.
Centre plans ₹12,000-crore Brahmani inland waterway
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.
Three Nifty stocks to trade ex-dividend on Friday. Do you own?
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
Coal India capex spending grows 8.5% to Rs 4,700 cr in Apr-Jul
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.
Coal India capex spending grows 8.5% to Rs 4,700 crore in April-July
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.
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.
Petronet LNG, Tata Motors among 10 stocks with RSI trending up
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.
Coal India shares gain 2% despite weak Q1 show. Should you buy it?
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.
Hot Stocks: Brokerages on Adani Ports, Lemon Tree, Max Healthcare and Coal India
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.
Coal India Q1 results: Net profit declines 10% to Rs 7,941 crore, beats estimate
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.
Coal India Q1 Preview: Q1FY24 could see a 31% YoY net profit drop and a 2% revenue decline
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.
What to expect from Hindalco, Coal India, Adani Ports? Deven Choksey answers
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."
Infosys, HCL Tech among 10 large cap stocks which have crossed 20-day SMA
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 CPSEs to scale up renewable energy capacity to 7231 MW by 2027
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).
Coal India plans two thermal plants with Rs 21,547 cr investment in Odisha, Madhya Pradesh
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.
Aether Industries, Keystone Realtors among 10 stocks with RSI trending up
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
Weekly breakout: Infosys, Eicher Motors and 8 other stocks crossed last week's high
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.
Trade Spotlight | Your game plan for Indian Railway Finance Corporation, Affle India, Coal India today
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.
HCL Tech, Coal India, 5 others gain momentum by crossing 100-day SMA
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.
Riding the momentum! Sheela Foam, Coal India among 5 stocks with breakout above 200 SMA
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.
Coal India embarks on overseas acquisition of critical mineral assets
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.
Coal India shares up 5% after July production rises 13.4%
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.
Bharti Airtel, Britannia among 10 Nifty stocks with Golden Crossover pattern
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
Green initiatives: South Eastern Coalfields Ltd to invest Rs 169 crore in MP, Chhattisgarh
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.
Government proposes to sell up to 5.36% stake in Rail Vikas Nigam
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.
India's coal mining bet stumbles as wary banks weigh rising risks
India's drive to ramp up coal output to meet growing energy demand is faltering due to banks' reluctance to finance newly auctioned mines, though most lenders remain far from ditching fossil fuels for good, analysts and officials said. Of the 87 mines auctioned to private companies in the past three years in a push called "Unleashing Coal" - part of India's energy self-sufficiency plans - only four are operating, with the rest awaiting financing, a federal coal ministry official said, asking not to be named.
Coal ministry to draw scheme for coal gasification projects worth Rs 6,000 cr
India's Coal Ministry plans to allocate INR 6,000 crore ($810.5m) and draw up a comprehensive programme to promote coal gasification projects to reduce the country's reliance on natural gas, methanol, ammonia and other imports. The scheme, which has a target of achieving coal gasification of 100 million tonnes of coal by 2030, is divided into three segments that provide budgetary support to government and private entities.
Not out of the woods! 26 firms in Nifty 500 may see profit plunging over 40% in Q1
The aggregate profit of Nifty 50 companies are likely to rise 25% on year in the June quarter, but if metals and oil and gas sectors are excluded, the growth is likely to have been as high as 40%, according to Motilal Oswal Securities.
Not out of the woods! 26 firms in Nifty 500 may see profit plunging over 40% in Q1
The aggregate profit of Nifty 50 companies are likely to rise 25% on year in the June quarter, but if metals and oil and gas sectors are excluded, the growth is likely to have been as high as 40%, according to Motilal Oswal Securities.
NLC India CMD says no plans for divestment as of now; focus on asset monetization
The company has also sorted out most of the land acquisition issues for expansion of its lignite mine in Tamil Nadu's Cuddalore district, says Prasanna Kumar Motupalli. A section of the locals have been protesting against the project and in May, NLCIL had to shut five units of thermal power plant due to lignite shortage.