Coal India Share Price: Even during the period of weakness in the stock market, a rise of 5.26 percent has been recorded in the shares of Coal India and they reached the level of Rs 349.25 with a rise of Rs 17. This is also its highest level in 52 weeks. Shares of Coal India Limited, whose market cap is around Rs 2.15 lakh crore. The 52-week low of Coal India Limited shares is Rs 207.60.
In the last 5 days, Coal India shares have given returns of about 11 percent to investors. In the last 6 months, Coal India shares have made investors rich by giving returns of more than 50 percent from the low of Rs 230.
So far this year, the shares of Coal India have given a return of 56 percent to the investors, whereas from the low of Rs 208 on March 24, 2023, the shares of Coal India have made the investors rich by giving bumper returns. Of 70 percent.
Global brokerage house Jefferies India has advised to buy shares of Coal India and increased its target price to Rs 385. Since then, the shares of Coal India are witnessing a spectacular rise.
Jefferies has said that India’s strong GDP growth, excellent working conditions and increasing energy consumption are going to increase the demand for coal, which is expected to lead to rapid growth in Coal India’s operations, revenues and profits in the coming times.
Due to Coal India’s excellent results in the September quarter, Jefferies has increased its target to Rs 395. Jefferies India, which had earlier advised to hold shares of Coal India, has now given it a buy rating and increased the target price. 19 percent increase to Rs 385.