Coal India may test Rs 425, says Shubham Agarwal

Shubham Agarwal of Motilal Oswal Securities told CNBC-TV18, "If you look at the trading pattern of Coal India, it has been consolidating in a very narrow band. The sectoral view remain positive, so on the statistical model that we track, we see that metals and energy are the two sectors which are expected to outperform."

"Given the fact that Coal India has a major weightage into CNX metals, so we expect the stock to do well. The long-term set up remains healthy and we are expecting that the stock can move up to level of Rs 425 which can be participated with a stop loss at Rs 368," he added.