Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “Coal India is a buy and I am gratified to say it was a buy in our early morning calls. Coal India had come down to Rs 295 and it was bouncing from a very strong support level. I would be upbeat on this stock. We are literally buying at the lows.”
Coal India touched its 52-week high Rs 386 and 52-week low Rs 291.20 on 17 September, 2012 and 19 March, 2013, respectively. Currently, it is trading 20.44 percent below its 52-week high and 5.46 percent above its 52-week low. Market capitalisation stands at Rs 193,975.55 crore.
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