Coal India Share Price: Maharatna PSU Up 12% YTD, Sales Rise After 6 Months Amid Iran-US War; Buy or Sell?

Coal India Share Price Today: Shares of Coal India Limited climbed during Thursday's intraday session, a day after the Maharatna PSU reported its March sales data. The company posted a rise in sales for the first time in six months, signaling a potential turnaround in demand.

Coal India share price was trading 0.03% higher at Rs 449.6 per share on BSE at 1:47 pm on Thursday. The stock had touched an intraday high of Rs 453.45 per share and an intraday low of Rs 440.75 per share.

Coal India Sales Jump In March

Coal India's offtake, or sales to customers, increased by 0.7% to 69.5 million tons in March 2026. The company had reported a 1.5% fall in its provisional output to 84.5 million tons, as per the company's BSE filing released on Wednesday.

The revival in Coal India sales came amid energy supply shortage due to Iran-US war. Additionally, the company may see boost in its business as India's peak summer season may boost energy consumption in the next two to three months.

While Coal India's March sale saw a sequential surge, the overall sales saw a yearly decline. Weakness in Coal India's sales on a year-on-year basis was driven by key subsidiaries and softer power demand, as per Emkay Global report.

"Coal India reported production of 84.5mt in March (13.1% MoM; down 1.5% YoY). This aggregates 768mt of production for FY26 (-1.6% YoY), with subsidiaries MCL and WCL driving the decline in production. Likewise, offtake volumes were reported at 69.5mt for March (12.1% MoM; 0.7% YoY) and 744mt for FY26 (down 2.0% YoY), vs 759mt in FY25, led by CCL and WCL."

Coal India Share Price Recommendation

Coal India Limited is expected to recover from its FY26 production lows of 768 mt to 815/850 mt in FY27/28E, as per Emkay Global. The brokerage maintained an 'Add' recommendation for the stock with a target price of Rs 450 per share.

"We view Q2FY26 as the trough, with a sequential improvement in Q3 and a likely stronger performance in Q4, followed by continued momentum into 1HFY27E, supported by a low base, improving power demand, and higher e-auction volumes and realizations, amid the ongoing US-Iran conflict. Reiterate ADD and target price of Rs 450," stated the brokerage in its report.

Coal India Share Price Trend

The company scrip opened lower on Thursday. The stock had touched a 52-week high of Rs 475.95 per share on March 13, 2025. The stock dipped to its 52-week low mark of Rs 350.15 per share on April 7, 2025. The stock has delivered 1.5% return in one week and has surged 12.55% since the beginning of the year 2026, ie YTD.