Coal India Trades Higher, Gives Over 30% Returns In a Year; Should you Invest?
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Coal India Share Price Today: Coal India’s stock is currently trading at Rs 246.60, which is 2.03 per cent higher than previous day’s close. This indicates that the stock has experienced a slight increase in value. Meanwhile, it has risen over 30 per cent in the last one year. Coal India’s last-day open price was Rs 239.15, and the close price was Rs 240.85, with a high of Rs 242.4 and a low of Rs 239.15. The company’s market cap stands at Rs 148,706.67 crore, with a 52-week high of Rs 263.3 and a 52-week low of Rs 174.6. Should you Invest? Vaibhav Kaushik, Research Analyst, GCL Broking, giving it a ‘BUY’ rating, said the target price for Coal India is at Rs 270. Further, he said that the Demand for coal is also increasing due to the continuous growth of industrialisation and the Upliftment of the economy. Also, keeping in mind the point of freebie in elections mainly free electricity. Prashanth Tapse - Research Analyst, Senior VP (Research), Mehta Equities Ltd, said: “Lon