Ambareesh Baliga of Edelweiss Securities told CNBC-TV18, "Coal India could come down to levels of about Rs 250-260. I really do not see it going down much more than that, but possibly Rs 250-260 levels."
On October 7, Coal India closed at Rs 300.10, down Rs 9.90, or 3.19 percent. The share touched its 52-week high Rs 374.05 and 52-week low Rs 238.35 on 03 December, 2012 and 30 August, 2013, respectively. Also Read: Cabinet decision on Coal India FPO likely by Dec: JaiswalDiscover 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!
