There was a tremendous rise in the shares of Coal India on Tuesday, 23 December. Shares of this public sector giant rose by almost 4 per cent during intra-day trading. This is the fifth consecutive session when Coal India shares have registered gains. The main reason behind this surge in the market is the positive news related to the IPO of the company’s subsidiary Bharat Coking Coal Limited (BCCL), which has increased the enthusiasm of investors significantly.
There is excitement in the market due to the listing of Bharat Coking Coal Limited, there is a strong possibility of IPO in the next two weeks.
Bharat Coking Coal Limited (BCCL), the arm of Coal India, is preparing to launch its Initial Public Offering (IPO) soon. Looking at the current market activities, it is believed that this issue can hit the stock market within the next two weeks. The proposed listing of BCCL, a public sector subsidiary under Maharatna company Coal India, is being considered as a very important step by the government towards unlocking value from public sector undertakings (PSUs) and expansion through capital markets.
The stock reached very close to its record high, there was a huge rise in prices due to heavy buying by investors.
Coal India shares rose 3.6 per cent to reach the day’s high of Rs 400.60 on buying momentum during the trading session on Tuesday. At present this stock is trading very close to its peak. It is noteworthy that this share had touched the highest level of Rs 417.25 in May 2025, from which it is now just 4 percent away. Five consecutive days of rise and the news of listing of the subsidiary company have breathed new life into this PSU stock.
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