UBS Securities positive on Coal India

Suresh A Mahadevan, UBS Securities is positive on Coal India.

Mahadevan told CNBC-TV18, "If I look at kind of non-index then some sectors are clearly not very well represented. I think something like REC has been a big underperformer offlate. I think that is a stock where we have still fairly good analysts conviction, so something like that could do well." He further added, "Something like Coal India could be very interesting. I think we have a positive view on the company. Again it is not yet present in the indices but I am sure it is a matter of time before it comes into the indices."