Buy Coal India, advises Dhirendra Tiwari

Dhirendra Tiwari of Antique Institutional Equities told CNBC-TV18, "Coal India is a pretty strong buy for us. For some of the likely offers from government it is an excellent play on the production growth. Coal India results were pretty fine. The earnings growth was quite strong. The only worry for Coal India is that the production growth is still muted. Having said that, dispatches were pretty strong, up nearly 6 percent in this quarter."

"There are three basic catalysts for Coal India. One is production growth, second is dispatches growth and third is price realisations. There is a positive development as far as dispatches and price realisations are concerned, Production is in control of Coal India and they will really have to work on that. We find that Rs 300-315 is a good price from one year plus horizon. In the near-term the stock will be impacted by external factors, but definitely it is one of our preferred pick in the utilities and infrastructure sector," Tiwari further added.