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Nov 03, 2010, 12.44 PM IST
India's largest coal producing company Coal India (CIL) will list its equity shares on the exchanges on Thursday, November 04, 2010.
CNBC-Awaaz conducted a poll by asking brokers about the possible listing price for Coal India and what strategy should investors adopt post listing. About 50% of the brokers polled said CIL would list around Rs 280-300 per share while 37.5% said the listing price would be around Rs 260-280 per share. The remaining feels it could list at Rs 300-320 a share.
On adoption of a strategy on the listing day, 75% brokers advised holding the stock. Half of the remaining brokers recommended selling while the other half advised buying.
Asked about Coal India's stock price after a year, a whopping. 62.5% brokers said it would be around Rs 350 while 25% sees it around Rs 300 a share. Only 12.5% expects the stock to go above the Rs 400 a share level.
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