Maharatna PSU Stocks to CONSIDER: Coal India ranks among the leading coal producers globally. It has been awarded the designation of Maharatna. In November, the volume showed a 2% increase compared to the previous year, totaling 67 MT.
Coal offtake stayed steady at 63 MT. Antique Broking is highly optimistic about the future of this stock and has set an upward target exceeding 40%. This stock is fluctuating around Rs 420 (Coal India Share Price).
The study report indicated that the management has established a volume goal of 800 MT for FY25. To reach this goal, a 14% increase in volume on a yearly basis is needed over the next 4 months. The firm has additionally declared an interim dividend of Rs 15.75 for each share. A total dividend of Rs 25.5 was declared in FY24. According to cash flow, the firm can offer a total dividend of Rs 25.6 in FY25, leading to a dividend yield of 6%.
Coal India shares are presently trading under the historical average. This indicates an appealing valuation. Considering all the factors, the brokerage has set a target of Rs 598 on a SoTP basis and has upheld the rating of BUY. At present, this stock is priced at Rs 420. In this scenario, the objective exceeds 42%. This goal is 5.5 times the projected EV/EBITDA for FY27. If the volume grows and e-auction enhances, then the upward trend will rise further.
The price of Coal India’s share stands at Rs 420. On August 26, the stock reached a 52-week peak of Rs 545, marking its highest point ever. During November, this stock dropped to Rs 402. The minimum in October is Rs 435. The minimum in September is Rs 476. Therefore, the potential downside risk in this stock is constrained. It is exchanging 22-23% less than its peak.
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