Coal India may go upto Rs 400: Jagannadham Thunuguntla

Coal India may go upto Rs 400, says Jagannadham Thunuguntla of SMC Global.

Thunuguntla told CNBC-Awaaz, "Investors should invest in Coal India at Rs 300-320. Investors have a good chance to buy the stock on decline. It may go upto Rs 400 in next 1 year time."
The company's trailing 12-month (TTM) EPS was at Rs 9.61 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 34.37. The latest book value of the company is Rs 30.77 per share. At current value, the price-to-book value of the company was 10.73. The dividend yield of the company was 1.18%.