Sandeep Wagle of powermywealth.com told CNBC-TV18, "I would recommend a hold Coal India for a long-term with a stoploss of Rs 280 and a target of Rs 350. I think in the next 3-6 months one should see a move towards that, not six months but maybe 6 to 12 months. I certainly feel Rs 350 is very likely."
At 15:23 hrs Coal India was quoting at Rs 290, down Rs 5, or 1.69 percent.
The share touched its 52-week high Rs 349.85 and 52-week low Rs 272.05 on 17 August, 2016 and 12 April, 2016, respectively.
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