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Buy Coal India; target of Rs 426: Choice Equity

Choice Equity is bullish on Coal India and has recommended buy rating on the stock with a target of Rs 426 in its November 13, 2015 research report.

November 16, 2015 / 16:48 IST
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Choice Equity’s research report on Coal India The price target for a large cap stock represents the value the analyst expects the stock to reach over next 12 months. For a stock to be classified as Outperform, the expected return must exceed the local risk free return by at least 5% over the next 12 months. For a stock to be classified as Underperform, the stock return must be below the local risk free return by at least 5% over the next 12 months. Stocks between these bands are classified as Neutral.Outlook and ValuationCurrently we have a “BUY” recommendation on the stock with a target price of Rs. 426 per share. However, we will review the same post detailed analysis of the Q2 FY16 result. For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions

first published: Nov 16, 2015 04:48 pm

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