Coal India can go upto Rs 325-350: Ashu Madan

Ashu Madan of Religare Securities told CNBC-TV18, “Coal India, I don't think there is too much of excitement around this stock. All said and done with all kind of positive news flow which we are talking about, the only positive which I see is that Rs 295 is the price, triple bottom kind of phenomena we have seen."

"So I think that looks like currently a strong support, but at the same time that does not mean that from that support we will see a very big hike. So the market is moving up, the trend is certainly turning around and we see some kind of positive buzz around this stock. So may be Rs 325-330 levels look to be achievable, but Rs 353 is circumspect in spite of the market performance,” Madan said.