No disinvestment delight! Coal India stock down 1%

The government approved disinvestment of 10% stake in Coal India Ltd on Wednesday when it announced a string of reform measures.

Coal India stock was down 1% to Rs.330.75. The government approved disinvestment of 10% stake in Coal India Ltd on Wednesday when it announced a string of reform measures. 

The scrip opened at Rs. 335.05 and has touched a high and low of Rs. 336.35 and Rs. 330.25 respectively. So far 1855968(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 211566.48 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 447.25 on 05-Aug-2015 and a 52 week low of Rs. 300.75 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 341.4 and Rs. 326.95 respectively.

The promoters holding in the company stood at 79.65 % while Institutions and Non-Institutions held 17.48 % and 2.87 % respectively.

The stock is currently trading above its 200 DMA.