Religare Capital negative on Coal India

Manoj Singla, MD & Co- Head Product, Religare Capital Markets Ltd is negative on Coal India.

Singla told CNBC-TV18, "On Coal India structurally we have been negative and obviously when the stock went below Rs 300 we thought it was oversold but the fact remains that there is no clarity on what will happen to this whole pricing and now they are talking of rolling back some of the price hikes that had been given at the beginning of this year. So we