Coal India, incorporated in the year 1973, is a large cap company (having a market cap of Rs 144115.40 crore) operating in mining sector.
It’s key products/revenue segments include other operating revenue and coal for the year ended March 31, 2022.
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 36086.68 crore, up 4.61 per cent from last quarter total income of Rs 34495.71 crore and up 38.99 per cent from last year same quarter total income of Rs 25963.12 crore. Company has reported net profit after tax of Rs 8858.21 crore in latest quarter.
The company’s top management includes Mr.Pramod Agrawal, Mr.Punambhai Kalabhai Makwana, CA.Kamesh Kant Acharya, Mr.B Rajeshchandar, CA.Denesh Singh, Prof.G Nageswara Rao, Mrs.Nirupama Kotru, Mr.V K Tiwari, Mr.B Veera Reddy, Mr.Vinay Ranjan, Mr.Debasish Nanda, Dr.Arun Kumar Oraon. Company has Ray & Ray as its auditors. As on June 30, 2022, the company has a total of 616 crore shares outstanding.
The stock is in strong up trend making higher lows and higher highs. Recently it entered correction. It fell down to channel support during correction. The price behaviour is showing evidences that correction might have concluded and larger up trend may resume. Buy for target of 255 with stop loss of 227.
Promoters held 66.13 per cent stake in the company as of June 30, 2022, while FIIs owned 6.54 per cent, DIIs 22.48 per cent.
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