Sharmila Joshi, Head of Equity of Peerless Securities said one should hold Coal India. "Target would be about Rs 340," she said.
Sharmila Joshi of Peerless Securities told CNBC-TV18, “Coal India have had lot of issues with pricing etc, but we have seen some clarity emerge. And hopefully as we go ahead some more will also start, not just for Coal India but for a lot of the stocks in the mining space etc. I think you will see that clarity going ahead."
He further added, "My target for Coal India would be about Rs 340. I do like the fact that the dividend yield is also fairly high. So net net this is a stock that you should hold on to if one is not in a hurry to sell. It may take some time, but I see it going back to that Rs 340-345 kind of levels."