Sell Coal India, target Rs 270: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Coal India Ltd. with an intra-day target price of Rs 270. The current market price of Coal India Ltd. is Rs 276.9 Time period given by analyst is Intra Day when Coal India Ltd. price can reach defined target. Dr CK Narayan recommended to keep stop loss at Rs 282.0 .

Coal India Ltd., incorporated in the year 1973, is a largecap company with a market cap of ₹ 171883.16 crore operating in Mining sector.

Coal India Ltd. key Products/Revenue Segments include Coal which contributed ₹ 163.15 Cr to Sales Value (98.56 % of Total Sales) and Other Operating Revenue which contributed ₹ 2.38 Cr to Sales Value (1.43 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 19704.45 Cr., up 25.95% from last quarter Sales of ₹ 15645.05 Cr. and up 3.86% from last year same quarter Sales of ₹ 18971.48 Cr. Company has reported net profit after tax of ₹ 2884.46 Cr. in latest quarter. The company’s CEO is Mr.S Bhattacharya. It's Board of Directors include Mr.S Bhattacharya, Mr.S N Prasad, Mr.Shekhar Sharan, Mr.Vinod Jain, Mr.Vivek Bharadwaj, Ms.Loretta M Vas, Mr.C K Dey, Mr.M Viswanathan, Mr.S Bhattacharya, Mr.Vivek Bharadwaj, Dr.D C Panigrahi, Dr.Khanindra Pathak, Dr.S B Agnihotri, Mr.C K Dey, Mr.R F Gupta, Mr.Rajesh Kumar Sinha. Company has its registered office at Coal Bhawan, , No.10, Netaji Subhas Road, Kolkata, 700001, West Bengal. Company has Chaturvedi & Co. as its auditors. As on 31-03-2017, the company has a total of 6,207,409,177 shares outstanding.