Coal India Share Price: Stock market news: Coal India shares up 1%

NEW DELHI: Shares of Coal India Ltd. traded 0.95 per cent up in Thursday’s trade at 11:32AM (IST). Around 402,538 shares changed hands on the counter.

The counter opened at Rs 111 and touched an intraday high and low of Rs 112.7 and Rs 109.5, respectively, in the session so far. Shares of the company of Coal India Ltd. quoted a 52-week high of Rs 217.9 and a 52-week low of Rs 109.5.

Total market cap of the Coal India Ltd. stood at Rs 68806.86 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 17007.1 crore for the quarter ended 30-Jun-2020, down 38.31 per cent from previous quarter’s Rs 27568.23 crore and down 26.77 per cent from the year-ago quarter’s Rs 23223.0 crore.

The net profit for latest quarter stood at Rs 2079.6 crore, down 55.08 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Sep-2020, DIIs held 9.36 per cent stake in the firm, while foreign institutional investors held 7.19 per cent and the promoters 66.13 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 4.86 and a price-to-book ratio of 2.68. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Coal India Ltd. belongs to the Mining/Minerals industry.

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