Coal India’s shares surged following a stable March quarter performance, with a 12% rise in consolidated profit after tax to Rs 10,908 crore. Revenue also climbed 6% to Rs 46,490 crore, driven by better realisations. Analysts remain divided, with Jefferies and Motilal Oswal maintaining Buy ratings, while Morgan Stanley and HSBC suggest holding the stock.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets