Coal India Lights Up Dalal Street with Electrifying Performance

Image Source: The Brand Hopper

Coal India Ltd has emerged as a standout performer in the mining sector, recording a significant 6% return over the past three months and grabbing the attention of investors with its robust fundamentals and bullish momentum.

Key Highlights:

Strong Three-Month Rally: Coal India’s share price has climbed 6.07% in the last three months, outperforming many large-cap peers in the mining and minerals space. The stock currently trades around ₹396.6, with recent highs touching ₹398.15 and a 52-week range between ₹349.25 and ₹543.55.
Bullish Technical Signals: Technical analysis shows Coal India is in a bullish phase, with a recent weekly stochastic crossover-a signal that has historically led to an average 6.55% gain within seven weeks. Analysts remain optimistic, with several recommending a “Buy” and setting targets as high as ₹480.
Strong Financials: Coal India boasts a market cap of over ₹2.42 lakh crore, a low P/E ratio of 7.04, and an impressive return on equity of 92.66%. The company’s dividend yield stands at a healthy 5.88%, adding to its appeal for income-focused investors.
Recent Developments: The company recently signed a major Rs 7,040 crore pact through its SECL arm and implemented price hikes for both coking and non-coking coal, further strengthening its revenue outlook.
Analyst Sentiment: Out of 24 analysts, 68% recommend “Buy,” citing attractive valuations, strong cash flows, and sector leadership.

With a combination of positive price action, solid financials, and upbeat analyst sentiment, Coal India remains firmly in the spotlight as one of the market’s most resilient large-cap stocks.

Sources: Moneycontrol, INDmoney, Financial Express, Economic Times, StockGro