Coal India trades in green on BSE

30 Dec 2013 Evaluate

Coal India is currently trading at Rs. 285.60, up by 2.65 points or 0.94% from its previous closing of Rs. 282.95 on the BSE.

The scrip opened at Rs. 282.50 and has touched a high and low of Rs. 289.00 and Rs. 282.50 respectively. So far 72,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 372.10 on 10-Jan-2013 and a 52 week low of Rs. 238.35 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 289.00 and Rs. 280.25 respectively. The current market cap of the company is Rs. 1,80,395.00 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.85% and 2.15% respectively.

Coal India has received an approval for an additional 10% increase on the notified price for subsidiaries other than Western Coalfields (WCL) applicable with effect from May 28, 2013 on the existing notified price of non-coking coal of WCL of G-6 to G-17 bands with effect from December 17, 2013. Due to this increase, WCL will earn approximately additional revenue of Rs 139.84 crore for the balance period of financial year 2013-14.

Coal India, one of India's biggest companies by revenue, has monopoly rights over exploitation of coal reserves. Accounting for more than 80% of domestic production, the company has been facing heavy criticism for not being able to meet demand, forcing those who need the fuel to seek recourse to costly imports.

Coal India Share Price

413.95 7.80 (1.92%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Coal India 413.95
NMDC 220.70
GMDC 328.50
MOIL 295.25
Sandur Manganese 424.85
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.