The economy is recovering but GDP is expected to be only slightly larger than it was in pre-pandemic 2019-20.
Several states like Delhi, Rajasthan, Punjab, Maharashtra, Kerala and Tamil Nadu have recently flagged off the issue of shortage of coal.
The Ministry of coal said on Wednesday, that cumulative coal supplies to thermal power plants crossed two million tonnes on Tuesday
Rahul Shah of Motilal Oswal Financial Services spoke to Money9 on what to expect from markets going forward
Until Sunday, the total offtake has increased to 1.73 million tonnes per day in October, and posted a 10% increase over the same period last year
The company is known for being the world's largest in coal production and accounts for over 80% of the country's output for fuel
Antique Stock Broking has a buy rating on the stock with a price target of Rs 240 per share
As capital markets go beyond liquidity support from central banks, investor focus is shifting towards growth revisions.
The scrip hit a 52-week high of Rs 170 apiece in today's session. It has risen 55.25% from its 52-week low of Rs 109.50 hit on 15 October 2020.
Among sectors seeing traction today, Bolinjkar believes energy stocks are in focus and Coal India in that theme will be an important stock to track