Coal India shares | Nuvama upgrades to Buy, hikes target price on higher e-auction premium
Coal India moved higher.
· LiveMint Markets
Coal India shows significant growth in e-auction premiums and volumes, with September offtake rising 12.5%. Nuvama upgraded the stock to 'Buy' with a target price of ₹501, citing strong demand and low coal inventories as key drivers for future growth.
The analysis
Coal India reported ₹501,, with movement of 12.5% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.7% on the day at ₹407.60, and has returned -5.3% over three months. It sits 15% below its 52-week high. The oil & energy sector has moved -0.3% over the same period, so Coal India is running 5.0 points behind its peers.
For Coal India, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- The company directly in focus is COALINDIA.
- Sector exposure: Oil & Energy.
- The immediate tone of coverage reads positive.
In this story
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