Sep 3, 2020
Coal India's muted Q1 may dull its stock for a while
Coal India’s muted Q1 may dull its stock for a while
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Coal India Ltd’s tryst with increasing coal production took a hard hit during the lockdown as demand for power fell sharply. Coal India may see a very slow recovery in FY21, and that could keep the stock under pressure for some time. The Coal India stock has been flat on Thursday.
While coal production fell by about 12% year-on-year, its offtake dropped sharply by 22% y-o-y. Closed…
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