Buy Coal India, target price Rs 158: Yes Securities

Yes Securities has buy call on Coal India with a target price of Rs 158. The current market price of Coal India Ltd. is Rs 148.95.

Time period given by analyst is Intra Day when Coal India Ltd. price can reach defined target. Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 91917.09 Crore) operating in Mining sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 25963.12 Crore, down -7.19 % from last quarter Total Income of Rs 27974.12 Crore and up 34.72 % from last year same quarter Total Income of Rs 19271.83 Crore. Company reported net profit after tax of Rs 3175.22 Crore in latest quarter.


Investment Rationale
Forming another bullish candle, the stock has managed to surpass hurdle near Rs 148. Positive follow-up action could unlock further upside potential.

Promoter/FII Holdings
Promoters held 66.1 per cent stake in the company as of June 30, 2021, while FIIs held 6.6 per cent, DIIs 21.5 per cent and public and others 5.8 per cent.