ICICI Direct 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 14, 2017.
ICICI Direct's research report on Coal India
We have a BUY recommendation on Coal India. Overall, we remain positive on the long term prospects of the company on the back of lower cost of production and healthy dividend yield. CIL has a strong balance sheet, healthy cash flow and net cash status, which also augurs well for the company.
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