The average price target on Coal India of all analysts compiled by Bloomberg following the second quarter results is at ₹338.22, almost 3% lower than its closing price of ₹349.35 on Monday. Brokerage Jefferies said that the company’s earnings outlook has improved due to better volume growth and lower-than-expected cost trajectory. It upgraded the EPS estimates to 18-42% for FY24-26.
“There is nothing called sitting on cash because this is a bull market. You will have enough opportunities maybe coming your way but you have