For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Coal India slides nearly 3% on demand worries

By Religare
|

Shares of state-owned Coal India fell about 3 per cent on Bombay Stock Exchange (BSE) after media report suggested that coal production has increased in the recent past but demand from power utility company is far less than expected.

According to rating firm Ambit, CIL's operational performance has improved materially over last eight months but lacks support from power sector demand.

Weighed down by development, the shares of the company dropped 2.95 per cent in intra-day trade to Rs 336.35 apiece on the BSE.

 

In a similar trend, shares of the company dipped 3.15 per cent to Rs 336.55 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 24,893.81, down 308.39 points, or 1.22 per cent, at 15:30 hours.

Story first published: Monday, September 7, 2015, 23:00 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more