Motilal Oswal proposes buying Coal India with a target price of Rs 220

12 May 2022 CW Team

Coal India got a buy call from Motilal Oswal with a target price of Rs 220. Coal India. is currently trading at Rs 166.7. The analyst estimates that Coal India's pricing will reach its target in one year.

Coal India, founded in 1973, is a Large Cap business in the Mining Industry with a market capitalisation of Rs 103718.72 crore.

For the fiscal year ending March 31, 2021, Coal India's primary products/revenue segments are Other Operating Revenue and Coal.

The company reported a Consolidated Total Income of Rs 29,086.35 crore for the quarter ended December 31, 2021, up 20.83 per cent from the previous quarter's Total Income of Rs 24,072.83 crore and up 19.53 per cent from the same quarter last year's Total Income of Rs 24,334.62 crore. In the most recent quarter, the company generated a net profit after tax of Rs 4,559.74 crore.

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