Coal India Share Price Target: State-owned major coal mining and producing company Coal India Ltd opened gap down with a loss of 3.38 per cent as equity benchmark indices tanked in early trade on Monday. The counter opened at Rs 440.20, down by over 3 per cent from the last trading price of Rs 455.60 on the BSEAgra Investment. Also, the mining & minerals sector has fallen by 2.13 per cent today.
The stock of the mining company, which has a market cap of Rs 2,79,387, has a 52-week high of Rs 487.75 and a 52-week low of Rs 223.30. The stock has been losing for the last two days. Last seen, the counter was trading at Rs 453.75.
Caol India CMP – Rs 453.75Mumbai Wealth Management
Coal India Share Price Target – Rs 480Simla Stock
The brokerage has continued with its buy call on Coal India Ltd (CIL) with a target price of Rs 520Jaipur Stock. The target implies an upside potential of over 16 per cent from current levels.
The shares of Coal India have surged over 100 per cent in one year and 142 per cent in two years. The counter has given a multibagger return of 252 per cent in three years.
Meanwhile, Sensex tumbled 929.74 points, amid the ongoing conflict in the Middle East and weak trends from global markets. Foreign fund outflows and hotter-than-expected US inflation data also played spoilsport for the markets.
Extending its previous day’s decline, the 30-share BSE Sensex tanked 929.74 points to 73,315.16. The NSE Nifty declined 216.9 points to 22,302.50.
Guoabong Investment
