Devang Mehta of Anand Rathi Financial Services told CNBC-TV18, "Around Rs 340-350 levels we have been saying that if somebody wants to buy any commodity stock then Coal India is the place to be. We were also surprised by the pace of the rally. We expected this sort of a target to come in a one year’s time but the stock has performed spectacularly in the last quarter. In fact this has been on the back of the good fundamentals coming from the company’s side. I think still one can venture out into this stock for longer-term horizon."
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