Coal India share price NSE target, Coal India Dividend 2022 record date: Coal India Ltd (NSE: COALINDIA) stocks zoomed more than 5 per cent in the early morning deals on Wednesday to become top Nifty50 performer. The buying was buoyed as Street remained optimistic about the stock post strong second quarter results.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Coal India stock price opened at Rs 255.50 apiece on NSE, rising around 4 per cent. At 9:40 AM, the stock quoted at Rs 262.60 apiece on the NSE and BSE each, gaining more than 5 per cent.

In the July-September quarter of the current fiscal, the state-owned CIL posted a consolidated net profit of Rs 6,044 crore, a jump of 106 per cent over the corresponding quarter profit of Rs 2,932 crore registered last year. The net sales stood at Rs 27,538 crore — a rise of 29 per cent in the same quarter of the previous year's net revenue of Rs 21,292 crore. Higher demand for coal due to global shortage has helped better auction realisations.

Brokerages are optimistic about the public sector enterprise following the release of the company's Q2FY23 numbers. 
Click Here For Latest Updates On Stock Market | Zee Business Live

Also read- 150% interim dividend! This Govt-owned company announces bonanza for shareholders — Check dividend record date, ex-date, payment date