Buy Coal India, target price Rs 192: Motilal Oswal

Motilal Oswal has given a buy rating to Coal India with a target price of Rs 192. The share price moved up by 0.53 per cent from its previous close of Rs 122.70. The stock’s last traded price is Rs 123.35.

Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 76294.58 Crore) operating in Mining sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 19484.15 Crore, up 14.56 % from last quarter Sales of Rs 17007.10 Crore and up 2.62 % from last year same quarter Sales of Rs 18986.50 Crore Company reported net profit after tax of Rs 2950.81 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 66.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 7.2 per cent, DIIs 21.9 per cent and public and others 4.8 per cent.