{"id":62414,"date":"2022-09-08T12:05:00","date_gmt":"2022-09-08T06:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=62414"},"modified":"2022-09-08T12:01:49","modified_gmt":"2022-09-08T06:31:49","slug":"brokerages-see-further-upside-in-coal-india-even-after-it-jumps-60-this-year-check-the-latest-targets","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/brokerages-see-further-upside-in-coal-india-even-after-it-jumps-60-this-year-check-the-latest-targets\/","title":{"rendered":"Brokerages see further upside in Coal India even after it jumps 60% this year; Check the latest targets"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1701499676\"><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&#8217;s shares have risen by 58.90 per cent in the past year on the back of favourable demand-supply dynamics and growing global coal demand.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4091854360\"><!-- 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>The state-run behemoth supplies nearly 80 per cent of India\u2019s coal requirements. In fact, it&#8217;s production. increased by 44.6 million tonnes (MTs) in just five months and four days of the ongoing fiscal, as of September 4, surpassing the previous best of 44.5 MTs registered in FY2016, which was for the entire year.<\/p><p>August is a seasonally weak month, however, the company fared well in terms of production. Its output rose 8.5 per cent year-on-year (y-o-y) to 46.2 million tonnes, but the rise in offtake was subdued at 5 per cent y-o-y because of the higher base of last year. The company has an offtake target of 700 million tonnes for FY 23, suggesting an upside of 3.6 per cent year on year.<\/p><p>Experts expect that the demand in the power sector will continue and this will drive a rise in the offtake in the coming days. Further, the company sells coal through fuel supply agreements (FSA) and the e-auction route. Coal sold through e-auction tracks prices of international coal, which have surged substantially in 2022.<\/p><div class=\"trade-content_5\" id=\"trade-3802988285\"><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><strong>The company\u2019s shares were quoted at \u20b9 237.00 apiece at 11:25 AM on Thursday. Motilal Oswal has a buy call on the shares of the company with a target price of \u20b9 290.00 apiece. This indicates an upside of 22.36 per cent as compared to its share price.<\/strong><\/p><p><strong>JP Morgan has maintained an overweight rating on the shares of Coal India Limited and has raised its target price to \u20b9 285.00 apiece. This target translates to an upside of\u00a0 20.25 per cent as compared to its current share price.<\/strong><\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" id=\"h-written-by-simran-bafna\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><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-2895270552\"><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&#8217;s shares have risen by 58.90 per cent in the past year on the back of favourable demand-supply dynamics and growing global coal demand.&nbsp; The state-run behemoth supplies nearly 80 per cent of India\u2019s coal requirements. In fact, it&#8217;s production. increased by 44.6 million tonnes (MTs) in just five months and four days [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":42094,"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":[31,1789],"tags":[2806,2813,2812,2811,2809,2810,2808,2807,1920,3912,3153,4178,4183,3157,3158],"class_list":["post-62414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-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-ministry-of-coal","tag-multibagger-stock-to-watch","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022"],"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>Brokerages see further upside in Coal India even after it jumps 60% this year; Check the latest targets - 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\/brokerages-see-further-upside-in-coal-india-even-after-it-jumps-60-this-year-check-the-latest-targets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brokerages see further upside in Coal India even after it jumps 60% this year; Check the latest targets\" \/>\n<meta property=\"og:description\" content=\"Coal India Limited&#8217;s shares have risen by 58.90 per cent in the past year on the back of favourable demand-supply dynamics and growing global coal demand.&nbsp; The state-run behemoth supplies nearly 80 per cent of India\u2019s coal requirements. 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