Once shunned, Coal India is now a sought after stock. The scrip has climbed 56.93 per cent to Rs 229.20 a piece this year. The company reported a profit margin of 25.24 per cent in June quarter, 20.52 per cent in March, 16.03 per cent in December 2021, 12.61 per cent in September and 12.55 per cent in the year-ago quarter.
Tech View: Nifty closes above 50 DEMA, eyes 24,400 level. How to trade on Friday
Nifty’s short-term trend remains bullish, with the index expected to approach the next resistance level at 24,400. Any pullbacks are likely to find support near