Look at Coal India: Phani Sekhar

P Phani Sekhar of Karvy Stock Broking told CNBC-TV18, "The production numbers of Coal India are certainly encouraging and it seems that the company is poised to do well next year also. This is something that we hear every year. However, as long as they maintain a 5 percent volume growth in production, things should be reasonably okay for them."

"Coal India is one of those stocks that is not a growth stock but if you are looking at around a 12 percent capital appreciation with another 3-4 percent dividend yield thrown in it is a good nice stable stock in your portfolio. Apart from that I don’t see Coal India doing any wonders in the near to medium-term," he added.