Coal India Share Price Today: Maharatna PSU Ramps Up R&D, Aims To Boost Output | Buy, Sell or Hold?

Coal India Share Price Today: Shares of Coal India Limited surged during Thursday's trading session, days after the Maharatna PSU announced to spend Rs 1,900 crore on research and development (R&D) until Financial Year 2030. Coal India's production is likely to increase in the second half of the financial year 2026-27 due to favourable conditions and overall output is likely to increase in FY 27.

Coal India share price gave away its early morning gains and was trading 0.24% lower at Rs 433.7 per share on BSE with a market capitalisation of Rs 2,67,215.90 crore at 10:36 pm. The stock had touched an intraday high mark of Rs 438 per share and an intraday and an intraday low of Rs 433.4 per share.

Coal India Share Price Outlook

Coal India's June 2026 production declined nearly 1% on an annual basis to 57 mt, which reflected comfortable inventory levels. However, inventories have already declined 22% year to date (YTD) and the production is expected to improve in the second half of FY27, as per an Emkay report released on Thursday, July 2.

"We forecast output to increase from 768mt in FY26 to 815/850mt in FY27/28 (~6% CAGR), supported by 6-7% power demand growth, stronger thermal generation and electricity consumption, and tighter seaborne coal markets following Indonesia's production target cut to 600mt for CY26 (790mt in CY25)," stated the brokerage in its report.

Coal India Share Price Recommendation

The brokerage maintained an 'Add' rating for Coal India stock with a target price of Rs 475 per share. "Despite softer coal production in Jun-26, we expect CIL to ramp up output, from 768mt in FY26 to 815/850mt in FY27/28 (implying ~6% CAGR), broadly in line with projected 6-7% power demand growth, with additional support from a reduction in Indonesia's coal production target to 600mt in CY26 vs 790mt in CY25. We maintain ADD and TP of Rs475."

Coal India Share Price Trend

Coal India stock opened strong on Thursday but came under pressure at around 10:30 pm. The stock hit its 52-week high mark of Rs 490.90 per share on April 30, 2025. The stock dipped to its 52-week low mark of Rs 368.55 per share on August 28, 2025. Coal India stock has a return on equity (ROE) of 102.26%. The Mahratna PSU stock has delivered close to 8% return in 2026 so far and its share price value has declined close to 3.6% in three months.