SP Tulsian of sptulsian.com told CNBC-TV18, "The 10 percent offer for sale (OFS) is bound to happen in Coal India in this financial year, that will not happen in one tranche, that will happen either in two or three tranches. The company has been reducing the high calorific value, coal prices though having a very small contribution, less than five percent in its product mix."
"So overall, keeping a cautious view and if it breaches Rs 308 to Rs 310, go short on the stock as a positional trader also," he added. Also Read: Coal India up on executive order to set up sector regulator
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