Our stance on Coal India is neutral at the moment: Mayuresh Joshi, Angel Broking
"Coal India might just miss its targets by a wee bit. Again, coal grading and coal pricing are aspects that the markets are closely looking at."
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In a chat with ET Now, Mayuresh Joshi, VP, Institution, Angel Broking, talks about Coal India, Hindalco and JSPL.
ET Now: A quick call on JSPL, Hindalco and Coal India?
Mayuresh Joshi: Clearly, JSPL’s fortunes will depend on what kind of judgment actually comes through. That will have a significant impact on their EPS estimates. So, one actually and ideally needs to wait out for that.
When it comes to Coal India, there are inherent issues related to their three railway transmission lines. This can activate huge amounts of coal. The production and dispatch numbers that Coal India is working with in terms of figures are about 490 million odd tonnes of dispatches and 482 million tonnes of production.
Coal India might just miss those targets by a wee bit. Again, coal grading and coal pricing are aspects that the markets are closely looking at.
The labour union-related problems will also act as a little bit of headwind. In our opinion, we are maintaining a neutral stance on Coal India at the current juncture.
ET Now: A quick call on JSPL, Hindalco and Coal India?
Mayuresh Joshi: Clearly, JSPL’s fortunes will depend on what kind of judgment actually comes through. That will have a significant impact on their EPS estimates. So, one actually and ideally needs to wait out for that.
When it comes to Coal India, there are inherent issues related to their three railway transmission lines. This can activate huge amounts of coal. The production and dispatch numbers that Coal India is working with in terms of figures are about 490 million odd tonnes of dispatches and 482 million tonnes of production.
Coal India might just miss those targets by a wee bit. Again, coal grading and coal pricing are aspects that the markets are closely looking at.
The labour union-related problems will also act as a little bit of headwind. In our opinion, we are maintaining a neutral stance on Coal India at the current juncture.
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