Buy Coal India, target price Rs 177: IIFL

IIFL has buy call on Coal India with a target price of Rs 177. The current market price of Coal India is Rs 166.45.
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 103903.60 Crore) operating in Mining sector.


Coal India Ltd. key Products/Revenue Segments include Other Operating Revenue and Coal for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 24072.83 Crore, down -7.28 % from last quarter Total Income of Rs 25963.12 Crore and up 8.25 % from last year same quarter Total Income of Rs 22237.82 Crore. Company reported net profit after tax of Rs 2937.80 Crore in latest quarter.

Investment Rationale
Stock has given a cup and handle breakout with high volume

Promoter/FII Holdings
Promoters held 66.13 per cent stake in the company as of 30-Sep-2021, while FIIs owned 6.74 per cent, DIIs 22.0 per cent.