Buy Coal India, target Rs 290: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Coal India with a target price of Rs 290.

The current market price of Coal India is Rs 276.45 Time period given by the analyst is intraday when Coal India price can reach defined target.

Kunal Bothra recommended to keep a stop loss at Rs 270.

Coal India, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1,71,603.83 Crore) operating in Mining sector.

Coal India key Products/Revenue Segments include Coal which contributed Rs 306.40 Crore to Sales Value (98.46 per cent of Total Sales) and Other Operating Revenue which contributed Rs 4.78 Crore to Sales Value (1.53 per cent of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes Dr.D C Panigrahi, Dr.Khanindra Pathak, Dr.S B Agnihotri, Mr.C K Dey, Mr.R K Sinha, Mr.R R Mishra, Mr.S Bhattacharya, Mr.S N Prasad, Mr.S Sharan, Mr.Vinod Jain, Ms.Loretta Mary Vas, Ms.Reena Sinha Puri.

Company has Chaturvedi & Co. as its auditors.

As on 30-06-2017, the company has a total of 6,207,409,177 shares outstanding.