Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Coal India Limited
  6. News
  7. Summary
    COALINDIA   INE522F01014


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares slip as losses in Reliance outweigh Coal India gains

09/13/2021 | 06:38am EDT
A man wearing a protective mask walks past the Bombay Stock Exchange (BSE) building in Mumbai

BENGALURU (Reuters) - Indian shares closed lower on Monday, as losses in heavyweight Reliance Industries over a delay in launching its low-cost smartphone, outweighed sharp gains in Coal India.

The blue-chip NSE Nifty 50 index closed 0.08% lower at 17,355.30, and the benchmark S&P BSE Sensex fell 0.22% to 58,177.76.

Investors are also awaiting August inflation data due later in the day, though analysts expect the reading to hold steady and stay within the central bank's comfort zone, a Reuters poll showed.

Reliance dragged the index lower, ending down 2.23% after it delayed the launch of an "ultra-affordable" smartphone, being developed by the company's telecom arm and Google, to November.

Private sector lenders ICICI Bank and HDFC Bank ended down 1.8% and 0.8% respectively, and were among the top five losers on the Nifty.

However, losses were cushioned by sharp gains in the world's largest coal miner, Coal India, that ended up 4% after local media reported it might raise prices to mitigate the impact of rising costs and a wage revision.

IT stocks also lent support, with shares of Tata Consultancy Services closing 1.4% higher, among the top gainers on both the indexes, following the company's partnership with Dutch tech company NXP Semiconductors NV.

Among other stocks, beleaguered airline Jet Airways jumped 5% on news it would resume domestic operations by the first quarter of 2022. Telecom operator Bharti Airtel, which scaled a record high during the session, ended up 1.04%.

Nifty's metal index advanced for a third session, rising 1.29%.

Suryoday Small Finance Bank SURO.BO settled 20% higher after a report said lender Clix Capital Services was in merger talks with the bank.

(Reporting by Soumyajit Saha in Bengaluru; Editing by Vinay Dwivedi)

By Soumyajit Saha

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
COAL INDIA LIMITED -3.56% 175.9 Delayed Quote.34.66%
NXP SEMICONDUCTORS N.V. 0.13% 201.43 Delayed Quote.26.56%
RELIANCE INDUSTRIES LTD 0.19% 2627.4 Delayed Quote.32.10%
TATA CONSULTANCY SERVICES LTD. -0.95% 3498.85 Delayed Quote.23.40%
07:19aIndian Indices Close the Week in Red; Hindalco Industries Tank 5%
10/21ADANI ENTERPRISES : Struggling with power crunch, India considers strategic reserves for g..
10/20HINDUSTAN UNILEVER : Indian stocks end lower as metals, energy stocks drag
10/20Indian stocks subdued as metal stocks weigh on easing supply worries
10/19India aluminium producers draw costly power from grid, hurting utilities low on coal
10/18Indian stocks close at record levels as banks, metals jump
10/18Indian stocks close at record levels as banks, metals jump
10/18Metals, energy stocks drive Indian stocks higher as commodity prices jump
10/16India's electricity demand picks up in Oct as coal shortage lingers
10/15COAL INDIA : Temporarily Curtails Supply to Non-Power Customers
More news
Analyst Recommendations on COAL INDIA LIMITED
More recommendations
Sales 2022 1 036 B 13 827 M 13 827 M
Net income 2022 160 B 2 141 M 2 141 M
Net cash 2022 155 B 2 067 M 2 067 M
P/E ratio 2022 7,04x
Yield 2022 9,25%
Capitalization 1 084 B 14 460 M 14 474 M
EV / Sales 2022 0,90x
EV / Sales 2023 0,83x
Nbr of Employees 259 016
Free-Float 33,9%
Duration : Period :
Coal India Limited Technical Analysis Chart | COALINDIA | INE522F01014 | MarketScreener
Technical analysis trends COAL INDIA LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 175,90 INR
Average target price 190,57 INR
Spread / Average Target 8,34%
EPS Revisions
Managers and Directors
Pramod Agrawal Chairman & Managing Director
S. Ghatak Choudhary Chief Financial Officer
Samiran Dutta Finance Director & Director
Binay Dayal Director & Technical Director
M. Viswanathan Joint Secretary & Compliance Officer