Broker’s call: Coal India (Buy)

[ad_1] Target: ₹530 CMP: ₹455.90Q4-FY24 revenue stood at ₹37,400 crore (-2 per cent y-o-y/+4 per cent q-o-q), in line with our estimates of ₹37,600 crore. Blended ASP was ₹1,699/t (-9 per cent y-o-y/-2 per cent q-o-q), largely in line with...

Broker’s call: Coal India (Buy)

[ad_1] Target: ₹550CMP: ₹435.90We initiate coverage on Coal India with a Buy rating and target price of ₹550. Although we strongly endorse the energy-transition narrative and that renewable energy would dominate the global energy mix, we believe India’s large population...