Edelweiss is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 360 in its research report dated February 13, 2017.
Edelweiss' research report on Coal India
With volume uptick (6% YoY growth) apparent in recent months, we believe benefit of operating leverage will result in EPS growth of 26% YoY until FY19E due to better absorption of higher employee cost post wage negotiation. Rolling over to FY19E, we maintain ‘BUY’ at revised target price of INR 360 (INR 350 earlier).
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