Buy Coal India, target price Rs 225: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a buy call on Coal India with a target price of Rs 225. The current market price of Coal India is Rs 208.8. Sagar Doshi recommended to keep a stop loss at Rs 198.

Coal India, incorporated in the year 1973, is a large cap company (having a market cap of Rs 1,28,677.77 crore) operating in the mining sector.

Coal India key products/revenue segments include other operating revenue which contributed Rs 618.91 crore to sales value (66.24 per cent of total sales) and coal which contributed Rs 315.39 crore to sales value (33.75 per cent of total sales)for the year ending 31-mar-2019.


For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 23,223.00 crore, down 13.04 per cent from last quarter Sales of Rs 26,704.27 crore and up 3.64 per cent from last year same quarter Sales of Rs 22,407.73 crore. The company has reported a net profit after tax of Rs 4,630.63 crore in latest quarter. The company’s top management includes Dr.D C Panigrahi, Dr.Khanindra Pathak, Dr.S B Agnihotri, Mr.Anil Kumar Jha, Mr.B Dayal, Mr.B L Gajipara, Mr.R K Sinha, Mr.R P Srivastava, Mr.S N Prasad, Mr.Sanjiv Son, Mr.V K Thakral, Mr.Vinod Jain, Ms.Loretta Mary Vas, Ms.Reena Sinha Puri. Company has Ray & Ray as its auditors. As on 30-09-2019, the company has a total of 6,162,728,327 shares outstanding.