Buy Coal India, target price Rs 230: Reliance Securities

Reliance Securities has buy call on Coal India with a target price of Rs 230. The current market price of Coal India is Rs 221.35. Time period given by analyst is Intra Day when Coal India Ltd. price can reach defined target. Reliance Securities recommended to keep stop loss at Rs 216.

Coal India, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 136535.25 Crore) operating in Mining sector.

Coal India key Products/Revenue Segments include Other Operating Revenue and Coal for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 31599.24 Crore, down -12.44 % from last quarter Total Income of Rs 36086.68 Crore and up 31.27 % from last year same quarter Total Income of Rs 24072.83 Crore. Company has reported net profit after tax of Rs 6185.63 Crore in latest quarter.

The company’s top management includes Mr.Pramod Agrawal, Mr.Punambhai Kalabhai Makwana, CA.Kamesh Kant Acharya, Mr.B Rajeshchandar, CA.Denesh Singh, Prof.G Nageswara Rao, Mrs.Nirupama Kotru, Mr.V K Tiwari, Mr.B Veera Reddy, Mr.Vinay Ranjan, Mr.Debasish Nanda, Dr.Arun Kumar Oraon. Company has Ray & Ray as its auditors. As on 30-09-2022, the company has a total of 616 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 66.13 per cent stake in the company as of 30-Sep-2022, while FIIs owned 6.54 per cent, DIIs 22.36 per cent.