November 19, 2012 / 15:19 IST
IIFL is bullish on Coal India and has recommended buy rating on the stock with a target of Rs 362 in its November 19, 2012 research report.
“Coal India, on the daily chart- gave an upside breakout in Friday’s trading session. It suggests that the sideways range is about to end and may reverse into an uptrend. Volumes have also shown phenomenal increase in last few trading sessions. Adding to its Friday’s white candlestick managed to close above its 200-DMA signifying strength in the medium term chart and is expected to remain strong. Buy the stock with a target of Rs 362,” says IIFL research report.
Public holding more than 90% in Indian cos Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.To read the full report click on the attachment 
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