Motilal Oswal is advising investors to buy Coal India Ltd., with a target price set at Rs 600. The stock is currently priced at Rs 533.95.
About Coal India:
- Founded in 1973
- Market cap: Rs 321,817.67 crore
- Sector: Mining
- Main Revenue Sources:
- Coal
- Other Operating Revenue
Financial Performance:
For the quarter ending 30-06-2024:
- Total Income: Rs 38,349.21 crore (down 3.29% from Rs 39,654.50 crore last quarter, but up 2.21% from Rs 37,521.03 crore a year ago)
- Net Profit: Rs 10,858.15 crore
Ownership Breakdown:
- Promoters: 63.13%
- Foreign Institutional Investors (FIIs): 8.39%
- Domestic Institutional Investors (DIIs): 23.09%
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