Coal India moves higher:2-Dec-2016

coal_india_logo-svg

Coal India rose 1.3 percent to Rs 310.30 on BSE after the company announced provisional production and offtake numbers for the month of November 2016.

The announcement was made after market hours yesterday, 1 December 2016.

Meanwhile, the S&P BSE Sensex was down 156.04 points or 0.59 percent at 26,403.88.

On the BSE, 87,000 shares were traded on the counter so far as against the average daily volumes of 3.67 lakh shares in the past one quarter. The stock had hit a high of Rs 311.90 and a low of Rs 307.40 so far during the day.

The stock had hit a 52-week high of Rs 349.85 on 17 August 2016 and a 52-week low of Rs 272.05 on 12 April 2016.

The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

Coal India and its subsidiaries achieved 93 percent of targeted production at 50 million tonnes in November 2016. The company achieved 97 percent of targeted offtake at 48.16 million tonnes in November 2016.

Coal India’s consolidated net profit fell 14.8 percent to Rs 3065.28 crore on 6.1 percent decline in net sales to Rs 17796.05 crore in Q1 June 2016 over Q1 June 2015. The company is scheduled to announce its Q2 September 2016 results on 13 December 2016.

State-run Coal India is India’s biggest coal miner. The Government of India currently holds 79.65 percent stake in Coal India (as per the shareholding pattern as on 30 September 2016).

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us.

GET MORE DETAILS HERE:-

Commodity Market Tips
Equity Tips
Nifty Future Tips

 * INVESTMENT & TRADING IN SECURITIES MARKET IS ALWAYS SUBJECTED TO MARKET RISKS, PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE PERFORMANCE.
* CAPITALSTARS INVESTMENT ADVISER: SEBI REGISTRATION NUMBER: INA000001647
Advertisements