Coal India Share price: Edelweiss maintains Buy rating with target of Rs 185; Know what is working for this stock
Coal India share price moved to Rs 132.2 from Rs 127.8 in one week. Edelweiss says that Mar-21 operating numbers reported by Coal India are a mixed bag. Edelweiss says that Coal India sales volume grew after three successive months of decline owing to a low base and improved traction from power plants. That said, receivables swelled further to Rs 250 bn (at February-21 end)
Edelweiss highlights that while Coal India has missed its FY21 production target of 660 mt by a fair margin, production is down merely 1% YoY at 596m: Reuters