Coal India has support at Rs 275-280: Sukhani

Sudarshan Sukhani of s2analytics.com is of the opinion that Coal India has support at Rs 275-280.

Sukhani told CNBC-TV18, "The support for Coal India was at Rs 320. That has already given away long time back. The next support comes at Rs 275-280 and it is quite easy to see it reach that level."
At 10:46 hrs Coal India was quoting at Rs 301.50, down Rs 18.50, or 5.78%. It has touched a 52-week low of Rs 300.50.
The company's trailing 12-month (TTM) EPS was at Rs 0.00 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 0.00. 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 9.74. The dividend yield of the company was 3.31%.