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Hold Coal India; target of Rs 225: ICICI Direct


ICICI Direct recommended hold rating on Coal India with a target price of Rs 225 in its research report dated August 14, 2019.

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ICICI Direct's research report on Coal India

Coal India (CIL) reported healthy operational performance for Q1FY20 wherein EBITDA and PAT came in higher than our estimate. CIL reported a sales volume of 153 million tonne (MT) (nearly flattish YoY but down 6% QoQ). FSA sales volume came in at 130 MT while FSA realisations during the quarter was at Rs 1370/tonne (up 4.4% YoY, higher than our estimate of Rs ...


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