Business Business:Today 25th November at 11:02 pm Coal Indiaया�coal india�के The shares are trading at ₹425.75, up 2.85% from the previous closing price. Sensex is trading at ₹80430.33, higher by 1.66%. The stock touched a high of ₹427.3 and a low of ₹421.15 during the day.
On the technical front, the stock is trading above 5,10 day SMA and below 20,50,100,3 00 day SMA. The stock will find support at 5,10 day SMA and face resistance at 20,50,100,300 day SMA. The SMA values for the stock are given below:
day simple moving average
5 411.11
10 415.77
20 432.70
50 469.03
100 488.90
300 471.65
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹417.97, ₹421.48, and ₹427.27, while it has key support levels at ₹408.67, ₹402.88, and ₹399.37.
Coal India share price today
As of 11 am today, the traded volume for Coal India on NSE and BSE was 75.42% higher than the previous trading session. Volume traded along with price is an important indicator to study trends. Positive price movement with high volume indicates a sustained uptrend, and negative price movement with high volume may indicate further decline in prices.
Overall, according to Mint Technical Analysis, while the stock is displaying early signs of trend reversal after a significant downtrend, continued monitoring is advised.
From the fundamental analysis point of view, the company's ROE is 52.10% and ROA is 16.24% respectively. The current P/E of the stock stands at 6.40 and P/B at 2.65. The average 1-year predicted upside for this stock is 22.14% with a target price of ₹520.00.
According to documents filed in the September quarter, promoter stake in the company is 0.00%, MF stake is 10.54% and FII stake is 9.16%.
MF stake has declined from 10.74% in June to 10.54% in the September quarter.
FII stake has increased from 8.39% in June to 9.16% in the September quarter.
Coal India's share price is up 2.85% today at ₹425.75, in line with its peers. Its competitors are also bullish. Overall, benchmark indices Nifty and Sensex have gained 1.73% and 1.66% respectively.
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