{"id":103642,"date":"2023-05-31T18:23:27","date_gmt":"2023-05-31T12:53:27","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103642"},"modified":"2023-05-31T19:02:38","modified_gmt":"2023-05-31T13:32:38","slug":"maharatna-stock-hikes-coal-prices-after-5-years-brokerage-see-an-upside-of-18","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/maharatna-stock-hikes-coal-prices-after-5-years-brokerage-see-an-upside-of-18\/","title":{"rendered":"Maharatna stock hikes coal prices after 5 years; Brokerage see an upside of 18%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-768516106\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market capitalization of Rs 148,675 crores, the stocks of Coal India Limited closed in the red today at Rs 241.25, slipping around 1.25 percent as compared to the previous closing price of Rs 244.30. The stock has shown steady growth with an up movement of about 23 percent in the last one-year period ranging from Rs 196.05 to the current price levels.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1978136105\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>One of the prime causes for the stock price to show down movements is after the company, through a regulatory filing with the BSE, informed about the company\u2019s Board approving the price revision of High-grade (G2-G10) non-coking coal w.e.f. 31st May 2023. The last hike being in January 2018, this move has come after a period of more than 5 years.&nbsp;<\/p><p>The filing further mentioned that there has been an increase of 8 percent over the existing prices of high-grade coal. Moreover, the price hike will be applicable to all the subsidiaries of the company. Due to the price revision, the company will be earning an incremental revenue of around Rs 2,700 crores for the remaining period of FY23-24.&nbsp;<\/p><p>Coal India Limited is a state-owned coal mining company responsible for the vast majority of coal production in India. It is mainly engaged in the mining and production of coal and also operates coal washeries. The company operates across various mining areas that are spread over various provincial states of India.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1830743082\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>During FY\u201923, the company reported operating revenues of Rs 1,38,252 crores and generated net profits of Rs 28,125 crores. The company has a dividend yield of 10 percent.&nbsp;<\/p><p><strong>Having a positive outlook on the company, Motilal Oswal gave a \u2018Buy\u2019 tag to the stock<\/strong><strong> <\/strong><strong>with a target price of Rs 285 indicating an upside of 18 percent as compared to the<\/strong><strong> <\/strong><strong>current price levels.<\/strong><strong>&nbsp;<\/strong><\/p><p>The rationale behind providing such a recommendation is pertaining to the robust demand from domestic sources, higher volumes, etc.&nbsp;<\/p><p>According to the latest shareholding data available for the March 2023 quarter, Promoters of the company hold a 66.13 percent stake, and Foreign Institutional Investors (FIIs) hold a 7.84 percent stake in the company.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4052518819\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market capitalization of Rs 148,675 crores, the stocks of Coal India Limited closed in the red today at Rs 241.25, slipping around 1.25 percent as compared to the previous closing price of Rs 244.30. The stock has shown steady growth with an up movement of about 23 percent in the last one-year period [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-103642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maharatna stock hikes coal prices after 5 years; Brokerage see an upside of 18% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"With a market capitalization of Rs 148,675 crores, the stocks of Coal India Limited closed in the red today at Rs 241.25, slipping around 1.25 percent as compared to the previous closing price of Rs 244.30.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/maharatna-stock-hikes-coal-prices-after-5-years-brokerage-see-an-upside-of-18\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maharatna stock hikes coal prices after 5 years; 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