Feb 19, 2013, 12.25 PM | Source: CNBC-TV18
Sell Coal India, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, “Coal India has been in our selling list. It is making a pattern of lower highs-lower lows. That is not a good pattern to be in. It is also not able to cross its previous highs. It is breaking down from earlier support levels although mildly but it is a selling idea. It is nothing we want to buy.”
The share touched its 52-week high Rs 386.00 and 52-week low Rs 305.75 on 17 September, 2012 and 18 May, 2012, respectively.Currently, it is trading 12.15% below its 52-week high and 10.91% above its 52-week low.
The latest book value of the company is Rs 30.97 per share. At current value, the price-to-book value of the company was 10.95. The dividend yield of the company was 2.95%.
The state-owned company informed about the "Letter
Sudarshan Sukhani of s2analytics.com is of the vie
Earlier in the year, the government had said that
Anil Swarup, Secretary at Ministry of Coal is very
Government-run Rashtriya Chemicals and Fertilizers