Coal India Gains 5% On Morgan Stanley Upgrade

Posted By:
Subscribe to GoodReturns

Shares in Coal India surged in trade following an upgrade by noted foreign brokerage Morgan Stanley. The firm has upgraded the target price on the stock to Rs 449. The stock of the company was last trading at Rs 408, up 5% on the Bombay Stock Exchange.

Coal India Gains 5% On Morgan Stanley Upgrade
Coal India: Quotes, News
BSE 291.50BSE Quote13.95 (4.79%)
NSE 291.60NSE Quote14.3 (4.90%)
Coal India also signed several supply agreements with non-power producers which are expected to boost production.

Coal India is the single largest coal producer in the world and is majority owned by the government of India. It controls more than 80 per cent of the coal production in the country and is a dominant player in the business.

Read more about: coal india
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns