InvestorQ : What is the future of coal India?
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What is the future of coal India?

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Mahil Khan answered.
2 years ago


Coal India enjoys a monopoly in domestic coal mining and produces 84% of the country’s coal output. The company is likely to benefit from a recovery in the thermal power utilization levels in the next few years. Historically, Coal India is a dividend paying company (dividend yield 6.9%). From a technical point of view, the stock is trading at its all-time low. If you have a position better to maintain a stop loss of 228 closing basis. The short-term reversal in trend could be seen once stock closes above 243.