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    COALINDIA   INE522F01014

COAL INDIA LIMITED

(COALINDIA)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 12/03 06:25:27 am
159.75 INR   +0.28%
05:04aCoal India auction to non-power sector up sharply
RE
12/02Coal India's Fuel Offtake Climbs Nearly 11% in November
MT
12/01India's power demand growth slows in November, helping ease coal shortage
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian stocks subdued as metal stocks weigh on easing supply worries

10/20/2021 | 01:47am EST

BENGALURU, Oct 20 (Reuters) - Indian shares slipped on Wednesday, dragged by metal stocks as China's pledge to contain coal prices eased supply worries, while investors eyed corporate commentaries in the earnings season after Hindustan Unilever warned of margin impact.

The NSE Nifty 50 index fell 0.2% at 18,386, while the S&P BSE Sensex was flat at 61,698.40 by 0520 GMT.

The Nifty metals index was the top loser among indexes, falling nearly 2%.

China's state planner said on Tuesday it was studying ways of intervening in high coal prices and would take all necessary measures to bring them back to a reasonable range, dragging industrial metal prices.

"There will regulatory interventions across geographies as metal prices directly impact raw material costs for companies that are into manufacturing," Equitymaster analyst Vijay L Bhambwani said.

"We will see profit-taking with the fall in prices. But, the rally in metal companies is not over as money is coming into the markets."

Shares of mining companies are directly correlated to the metal prices. Base and industrial metal prices have rallied in the past few days on concerns over mine supply disruptions due to higher energy costs.

India's aluminium producers are drawing expensive power from the national grid, adding to pressure on utilities with low coal stocks as state-run Coal India curbs supplies, Reuters reported

Meanwhile, analysts said investors were awaiting corporate views during September-quarter earnings as higher commodity costs and raw material expenses are expected to hurt margins for companies even as they post profit increases.

Consumer giant Hindustan Unilever dropped 0.8% after it warned that margins could remain under pressure in the near term due to elevated commodity prices.

Cement maker ACC Ltd rose 4.3% after reporting strong results, while agriculture input maker Rallis India dropped 5.4% on posting big drop in profit. (Reporting by Nallur Sethuraman in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
COAL INDIA LIMITED 0.28% 159.75 Delayed Quote.17.61%
HINDUSTAN UNILEVER LIMITED 1.59% 2382.5 End-of-day quote.-0.46%
NIFTY 50 -1.18% 17196.7 Delayed Quote.24.46%
RALLIS INDIA LIMITED 3.12% 253.05 End-of-day quote.-9.93%
All news about COAL INDIA LIMITED
05:04aCoal India auction to non-power sector up sharply
RE
12/02Coal India's Fuel Offtake Climbs Nearly 11% in November
MT
12/01India's power demand growth slows in November, helping ease coal shortage
RE
11/29Coal India Limited Approves the Payment of Interim Dividend for the Financial Year 2021..
CI
11/29Coal India Arm to Set Up 50 MW Solar Power Plant
MT
11/24Indian Indices Close Lower Midweek; Adani Ports & Special Economic Zone Soars 5%
MT
11/23Coal India's Board to Consider Interim Dividend
MT
11/23Indian Indices Settle in Green on Tuesday; JSW Steel Jumps 4%
MT
11/18Factbox - India's 10 biggest IPOs and their debut day performance
RE
11/15Indian Indices Close Marginally Higher on Monday; Power Grid Corporation of India
MT
More news
Analyst Recommendations on COAL INDIA LIMITED
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Financials
Sales 2022 1 042 B 13 872 M 13 872 M
Net income 2022 167 B 2 229 M 2 229 M
Net cash 2022 182 B 2 421 M 2 421 M
P/E ratio 2022 5,86x
Yield 2022 10,6%
Capitalization 982 B 13 106 M 13 071 M
EV / Sales 2022 0,77x
EV / Sales 2023 0,70x
Nbr of Employees 259 016
Free-Float 33,9%
Chart COAL INDIA LIMITED
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Coal India Limited Technical Analysis Chart | COALINDIA | INE522F01014 | MarketScreener
Technical analysis trends COAL INDIA LIMITED
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 159,30 INR
Average target price 195,74 INR
Spread / Average Target 22,9%
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