Coal India to pay interim dividend of Rs.27.40 per share

The Board of Directors of the company at its meeting held on March 05, 2016, have approved payment of Interim Dividend for the financial year 2015-16 @ Rs. 27.40 per share on the face value of Rs. 10/- as recommended by the Audit Committee of CIL in its meeting held on date.

Coal India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 05, 2016, have approved payment of Interim Dividend for the financial year 2015-16 @ Rs. 27.40 per share on the face value of Rs. 10/- as recommended by the Audit Committee of CIL in its meeting held on date.

Stock view:

Coal India Ltd ended at Rs. 325.2, up by Rs. 10.4 or 3.3% from its previous closing of Rs. 314.8 on the BSE.

The scrip opened at Rs. 314.1 and touched a high and low of Rs. 327.35 and Rs. 314.1 respectively. A total of 6968253(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 205408.03 crore.

The BSE group 'A' stock of face value Rs. 10 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. 327.35 and Rs. 306.55 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 traded below its 200 DMA.