Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Coal India share price rises 2% as Citi maintains buy

The removal of DDT should increase disposable cash, says Citi.

February 04, 2020 / 11:42 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Coal India share price rose 2 percent intraday on February 4 after research house Citi maintained buy with a target of Rs 270 per share.

It appears that the worst is behind as far as volumes are concerned. The risk-reward is favourable, together with attractive dividend yield, said Citi.

The removal of DDT should increase disposable cash. The sixth tranche of CPSE ETF could lower government stake by 200 bps, it added

At 11:22 hrs, Coal India was quoting at Rs 181.10, up Rs 2.45, or 1.37 percent on the BSE.

The share touched its 52-week high of Rs 270.90 and its 52-week low of Rs 171.25 on 06 June 2019 and 1 February 2020, respectively.

Currently, it is trading 33.15 percent below its 52-week high and 5.75 percent above its 52-week low.

Moneycontrol News
first published: Feb 4, 2020 11:42 am

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347