Vijay Chopra of enochventures.com told CNBC-TV18, "I think Coal India has shaped up very well and from the lower levels it has consolidated very well, about Rs 240-250 levels. Stock is clearly heading towards Rs 320."He further added, "It is a good company to have in a portfolio, good dividend yield - for the people who look for high dividend yields, it is a good company to have. I am sure that the company has strong financials. My sense is that it can go up to Rs 320; that is the target I would recommend on Coal India."