Thursday 18 February 2016

Coal india up 1%; expected to auction coal linkages to non-power sectors

The company is expected to commence the auction of coal linkages to non-power sectors such as steel and cement in the next 45 days, according to a PTI report.


Coal India is currently trading at Rs. 316.25, up by Rs. 3.3 or 1.05% from its previous closing of Rs. 312.95 on the BSE. The state-run largest coal miner, Coal India (CIL) is expected to start the auction of coal linkages to non-power sectors such as steel and cement in the next 45 days, according to a PTI report.

The scrip opened at Rs. 315.55 and has touched a high and low of Rs. 318 and Rs. 315.05 respectively. So far 436819(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 197670.49 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. 286.9 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 330.75 and Rs. 296.3 respectively.

The promoters holding in the company stood at 79.65 % while Institutions and Non-Institutions held 17.44 % and 2.91 % respectively.

The stock is currently trading above its 200 DMA.

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