Coal India an outperformer: Kamlesh Kotak

Kamlesh Kotak, Vice President - Research Asian Markets Securities Private Limited is of the view that Coal India is going to be an outperformer.

Kotak told CNBC-TV18, "Coal India is the second largest company by market cap in India. It is a strong play on the Indian power story. The near-term concerns on the company regarding the environment clearance, low off take and wage revisions are worth play, which will not deter the long-term outlook for the stock. We see the stock is going to be an outperformer and we have target price of Rs 425 on the stock."