{"id":61074,"date":"2022-08-30T17:40:00","date_gmt":"2022-08-30T12:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=61074"},"modified":"2022-08-30T17:33:46","modified_gmt":"2022-08-30T12:03:46","slug":"coal-india-reaches-a-fresh-52-week-high-motilal-oswal-sees-more-upside","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/coal-india-reaches-a-fresh-52-week-high-motilal-oswal-sees-more-upside\/","title":{"rendered":"Coal India reaches a fresh 52 week high, Motilal Oswal sees more upside"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-521318867\"><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>Coal India Limited\u2019s shares surged 2.12% on Tuesday\u2019s intraday trades to reach a fresh 52-week high of \u20b9 235.50. Their share price surged 4.85% in the past five days and 10.15% in the past month. The shares are currently trading at \u20b9 234.30 apiece.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-617383439\"><!-- 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>Coal India\u2019s shares have risen by 50.90% as per year-to-date data. They reached their all-time high of \u20b9 447.25 apiece on August 05, 2015, and their all-time low of \u20b9 109.5 on October 15, 2020. They reached their 52-week low of \u20b9 139 apiece on August 30, 2022.&nbsp;<\/p><p>Brokerage firm Motilal Oswal Financial Services expects that the global demand for coal will remain strong in the near term. The world is recovering from the pandemic and Europe has shifted to renewables (in the long term) from Russian gas, increasing dependency on coal in the near term.<\/p><p><strong>\u201cCoal India trades at 3.0x\/4.3x our FY23\/24E EV\/Adj. Ebitda. We expect a 10% dividend yield at current market price, as we forecast strong earnings to result in healthy dividends going forward. We raise our FY23\/24E Adj. Ebitda by 6%\/2%, respectively, and increase our TP to Rs 290 (from Rs 275), premised on 4x FY23E EV\/Ebitda. Maintain Buy,\u201d said the brokerage firm in its report. This translates to an upside of 23.77%.<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-2892323773\"><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>Motilal Oswal Financial Services believes that with a continued heat wave in China, hydro production should reduce further, increasing reliance on thermal coal. Further, they believe that Europe will continue to re-open as well as increase the lifecycle of its remaining thermal power plants and in the process will fuel demand for thermal coal.<\/p><p>They said that India\u2019s consumption of coal will remain strong. Resultantly, its imports will go up in the near term. The demand for Indian coal will increase as Europe continues to buy South African coal. As a result, port-based plants in India will remain shut or operate at a lower rate, putting pressure on domestic coal-based plants to ramp up generation.<\/p><p>Motilal Oswal expects FY23 e-auction premiums to remain in triple digits at least as Coal availability for e-auction has reduced drastically with most of the coal being diverted to the power sector. A few factors like increasing competition; rising price of South African coal will prompt domestic consumers of South African coal to shift to domestic coal.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2250607462\"><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>Coal India Limited\u2019s shares surged 2.12% on Tuesday\u2019s intraday trades to reach a fresh 52-week high of \u20b9 235.50. Their share price surged 4.85% in the past five days and 10.15% in the past month. The shares are currently trading at \u20b9 234.30 apiece. Coal India\u2019s shares have risen by 50.90% as per year-to-date data. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":23647,"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":[1513,31],"tags":[2806,2813,2812,2811,2809,2810,2808,2807,1918,1920,2660,948,936,3153,4178,4183,3157,3158,2597],"class_list":["post-61074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-coal-india","tag-coal-india-share-buy-or-sell","tag-coal-india-share-is-good-for-long-term","tag-coal-india-share-price-forecast","tag-coal-india-share-price-target-2022","tag-coal-india-share-price-target-motilal-oswal","tag-coal-india-stock","tag-coal-india-surges","tag-coal-mines-for-auction","tag-ministry-of-coal","tag-multibagger-stock","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stocks-to-watch"],"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>Coal India reaches a fresh 52 week high, Motilal Oswal sees more upside - Trade Brains Features<\/title>\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\/coal-india-reaches-a-fresh-52-week-high-motilal-oswal-sees-more-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coal India reaches a fresh 52 week high, Motilal Oswal sees more upside\" \/>\n<meta property=\"og:description\" content=\"Coal India Limited\u2019s shares surged 2.12% on Tuesday\u2019s intraday trades to reach a fresh 52-week high of \u20b9 235.50. Their share price surged 4.85% in the past five days and 10.15% in the past month. The shares are currently trading at \u20b9 234.30 apiece. Coal India\u2019s shares have risen by 50.90% as per year-to-date data. 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