Coal India has been under a bit of a cloud over the last few days. Last week, the government issued a presidential directive to Coal India (CIL) for supplying a minimum assured quantity of fuel to power producers.
In an interview to CNBC-TV18, Murtuza Arsiwalla, analyst of Kotak Institutional Equities says, the stock would remain under pressure in the short-term. However, he is confident on the long-term positives of the company. Also read: CIL may sign fuel pacts with 50 power firms including NTPC Below is the edited transcript of his interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying video. Q: What is your call on the stock after all the news flow that gone by? How do you expect this entire fuel supply agreements (FSA) situation to pan out for Coal India over the next 12 months? A: We still remain positively biased on Coal India. The way we look at the entire situation is that if as a country coal is in deficit supply, you want to align to players who own that coal. ThatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
