Friday 29 May 2015

Coal India surges post Q4 results

The company reported a 4.4 percent decline in Q4 consolidated net at Rs. 4,239 crore for the quarter ended March 2015 when compared with Rs. 4,434 crore in the corresponding quarter a year ago.

Coal IndiaCoal India has surged over 2.5 percent to a high of Rs. 393 after announcing its Q4 results on Thursday.

The company yesterday reported a 4.4 percent decline in Q4 consolidated net at Rs. 4,239 crore for the quarter ended March 2015 when compared with Rs. 4,434 crore in the corresponding quarter a year ago. Total income rose by 3 percent to Rs. 23,066 crore from Rs. 22,382 crore.

The stock is now up 2.3 percent at Rs. 392. The counter has seen trades of around 248,000 shares as against the two-week daily average volume of around 1 million shares on the BSE.

Meanwhile, the Sensex has rallied 255 points to 27,761. 

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