Daljeet Singh Kohli, Head-Research at India Nivesh Securities told CNBC-TV18, "On Coal India we hold a positive view. Budget or no Railway Budget but we are, on a longer term perspective, if we look at then you will see in last 11 months whatever the production growth has been that has actually beaten down their last 40-50 years record. So, that shows that if there is a push from the government, if there is a push from the top, then company can actually deliver. On top of that the company is already sitting with Rs 50,000 crore.""Even if we assume that they will not be able to meet their doubling of the capacity by 2020, if it goes to 2025 even then they will be still making lot of money. So, I think Coal India is a long term investment opportunity. It will be delivering continuous returns. So, we have a buy rating with a target of Rs 467," he added.
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