Coal India shares edges lower as OFS opens for retail investors today
Coal India share price NSE, Coal India OFS: Coal India Ltd. (CIL) shares edged lower on Friday, June 2, on the back of the ongoing OFS being open for retail investors today.
Coal India share price NSE, Coal India OFS: Coal India Ltd. (CIL) shares edged lower on Friday, June 2, on the back of the ongoing OFS being open for retail investors today. Coal India shares finished up 0.11 per cent or Rs 0.25 at Rs 230.6 apiece on NSE. On May 31, the government proposed to sell up to a three per cent stake in Coal India Ltd. through the Offer for Sale (OFS) route. The non-retail portion got a good response on Thursday and was subscribed 3.46 times. The company, in a regulatory filing, informed that its board has approved a price increase of 8 per cent over the existing notified prices for high-grade coal of grades G2 to G10. The company has taken the price hike after five years, as per Zee Business Research. Read more
Coal India's target price
Brokerage firm CLSA has maintained a 'buy' call on the stock but has, however, cut the target price from Rs 280 to Rs 277. Moreover, JP Morgan has assigned "overweight" to the stock with a target price of Rs 290.
Coal India shares: Historical performance
Coal India's stock has given a positive return to its investors of over 17 per cent in the last 12 months (from June 1, 2022). In comparison, the headline index Nifty 50 has rallied nearly over 12 per cent.
Sebi to introduce centralised mechanism for verification in case of demise of investors from January 1
CCI approves Kedaara Capital Fund's acquisition of 1.74% equity stake in Lenskart, also clears acquistion of majority stake in Indira IVF by Zonnebaars
Amazon begins Kickstarter sale ahead of Great Indian Festival: 5 top smartphone deals offering upto 50% off
ICC World Cup 2023: Disney+ Hotstar introduces MaxView feature to stream matches in vertical mode - Details
AMFI rejig: IRFC, Polycab and Jio Financial Services among others may enter large-cap category, says Nuvama
Canada not looking to escalate situation with India, will continue to "engage responsibly": Justin Trudeau
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
IND vs NED Free Live Streaming: When and How to Watch India vs Netherlands ODI World Cup 2023 warm-up Match Live on Web, TV, mobile apps online
Senior Citizen Savings Scheme (SCSS): Know how much return you will get on investment from Rs 1 to Rs 15 lakh in SCSS
ONGC, Oil India under pressure after Centre's windfall tax move; MGL, Gujarat Gas rise post-gas price hike
Gold and Silver price today (October 3, 2023): Precious metal futures trade under pressure; Gold below Rs 57,000
Traders' Diary: Buy, sell or hold strategy on Jubilant FoodWorks, RVNL, LTIMindtree, Federal Bank, AU Small Finance Bank, other a dozen other stocks today
From Maruti Suzuki to Tata Motors: Here's how top auto makers fared in terms of sales in September 2023
Air India's San Francisco flight, once diverted to Russia's Magadan, cancelled on due to operational issues