Coal India cracks on stake sale plan

The stock is now down 4 percent on the BSE.

Coal India is trading on a weak note in early morning deals on the BSE, on reports that the Cabinet may consider today a 5-10 percent stake sale in company.

The firm will also scheduled to report its Q1 results later today.

The stock tumbled all-the-way to a low of Rs. 375, and is now down 4 percent at Rs. 377.

The counter has seen trades of around 193,000 shares as against the two-week daily average volume of 340,000 shares.

Meanwhile, the BSE Sensex has slipped almost 200 points at 27,675.