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.
From a technical standpoint, the previous week has created a gap. In the process, the index has shifted its support zones higher in the range