Coal India share price jumped over 4 percent intraday on January 3 on the back of a spike in the December production figure.
Coal India Limited on January 1 reported a 3.3 percent rise in output to 60.2 million tonnes (MT) in December. The state-owned miner had produced 58.3 MT of coal in the corresponding month a year ago, it said in a filing with exchanges on Saturday.
Coal India’s output increased 5.3 percent to 413.6 MT during the April-December period from 392.8 MT in the previous corresponding period, it said. Coal offtake increased in December 2021 by 15.7 percent to 60.7 MT from 15.5 MT a year back.
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Coal offtake showed growth of 17.6 percent to 481.8 MT during April to December 2021 from 409.8 MT in the year-ago period.
The Coal India stock was trading at Rs 152.10, up Rs 6.05, or 4.14 percent, at 11:22am. It has touched an intraday high of Rs 152.40 and an intraday low of Rs 147.10.
The scrip was trading with volumes of 787,632 shares, compared to its five-day average of 384,245 shares, an increase of 104.98 percent.
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