Report says that the buyback will have to wait till next financial.
Coal India has postponed share buyback from government to next fiscal, according to reports.
Report says that the buyback will have to wait till next financial.
The company has already appointed SBI Caps as an advisor for the buyback.
The scrip opened at Rs. 325.3 and has touched a high and low of Rs. 326.25 and Rs. 322 respectively. So far 3325063(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 204997.46 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. 334 and Rs. 310.3 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 below its 200 DMA.
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