Limited upside seen in Coal India: SP Tulsian

Limited upside is seen in Coal India, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “Coal India, I don’t see further upside, infact I have been maintaining my view yesterday also when the share was up close to about Rs 360, I have been maintaining my view that the upside is very limited.”
He further added, “Today the news which has come in that, the company has started signing fuel supply agreements though the name of the companies have not come that who are the power producers. But I don’t think that now you have much upside from hereon, maybe from Rs 365-370 we may again start seeing the profit booking by the short term investors or the traders which can make the share to correct at around Rs 340 or so. So I don’t think that there is any point in creating or taking a long call on the stock from hereon.”