Coal India Share Price Target for 2023, Coal India Dividend Record Date News: Shares of Coal India Ltd (NSE: COALINDIA) hit a 52-week high on Monday post Diwali on November 13 zooming 5.3 per cent to quote at Rs 350 apiece on the National Stock Exchange (NSE), emerging as one of the biggest gainers intraday.
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The high volume in stock and the interest among investors signal a robust financial performance and glowing endorsements from top brokerage firms. The surge followed the public sector coal mining giant’s impressive Q2 results and subsequent favorable ratings by market analysts and top domestic and global brokerages.
Coal India Share Price Target 2023
The confidence evident in brokerage upgrades and the subsequent stock market response strongly indicates faith in the fundamentals of Coal India.
Coal India Share Price Target 2023 By Jefferies
Jefferies, a prominent global investment banking firm, significantly upgraded Coal India, changing its status to ‘Buy’ from ‘Hold’ and increased the target price to Rs 385 per share. The brokerage also enhanced its earnings per share (EPS) estimates, reflecting strong faith in the company’s profitability trajectory.
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Coal India Share Price Target 2023 By Axis Securities
The domestic brokerage tagged a ‘BUY’ rating on the mining stock with 17% upside potential and a share price target of Rs 380.
Coal India Share Price Target 2023 By Motilal Oswal Securities
It tagged a ‘BUY’ rating and revised the price target to Rs 380 from Rs 340.
Coal India Share Price Target 2023 By ICICI Securities
It tagged a ‘BUY’ rating with a share price target of Rs 395.
Coal India Share Price Target 2023 By JM Financial
It tagged a ‘BUY’ rating with a share price target of Rs 360.
Coal India Share Price Target 2023 By Nuvama
It tagged a ‘BUY’ rating and revised price target to Rs 404 from Rs 389.
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Coal India Dividend 2023 Record Date News
The company under the Ministry of Coal has fixed Tuesday, 21st November 2023 as the Record Date for the purpose of payment of first interim dividend on equity shares for financial year 2023-24. The company will be trading ex-date on the same day i.e. 21st November. The same is subject to approval by the board at a meeting scheduled for Friday, the 10th November 2023.
