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