Buy Coal India, target price Rs 168: ICICI Direct

ICICI Direct has buy call on Coal India with a target price of Rs 168. The current market price of Coal India Ltd. is Rs 141.85. Time period given by analyst is three months 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 87972.95 Crore) operating in Mining sector.

Coal India Ltd. key Products/Revenue Segments include Other Operating Revenue and Coal for the year ending 31-Mar-2020.


Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 27974.12 Crore, up 14.96 % from last quarter Total Income of Rs 24334.62 Crore and down -5.11 % from last year same quarter Total Income of Rs 29481.41 Crore. Company reported net profit after tax of Rs 4591.81 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 66.1 per cent stake in the company as of March 31, 2021, while FIIs held 6.5 per cent, DIIs 21.9 per cent and public and others 5.5 per cent.