Hold Coal India, says Hemen Kapadia

Hemen Kapadia of KRChoksey Securities told CNBC-TV18, "In Coal India currently we are in an intermediate downtrend but range bound between Rs 340 and Rs 290, a lot of strong support around Rs 290 and further longer term support comes in around Rs 260. So I do not have that much of a data to take a long-term view, I have for the last four-five years but I would say a hold with a stoploss of Rs 260."At 15:14 hrs Coal India was quoting at Rs 291.65, down Rs 4.80, or 1.62 percent.