Coal India rises regardless of its coal allocation below spot e-auction scheme falls by 38% in FY19

Coal India rises regardless of its coal allocation below spot e-auction scheme falls by 38% in FY19

by admin- Thursday, May 9th, 2019 03:50:53 PM

Coal India is presently trading at Rs. 249.35, up via zero.Forty five points or 0.18% from its preceding remaining of Rs. 248.Ninety at the BSE.

The scrip opened at Rs. 249.40 and has touched a high and occasional of Rs. 250.60 and Rs. 248.55 respectively. So some distance 4942 stocks had been traded on the counter.

The BSE institution ‘A’ inventory of face cost Rs. 10 has touched a 52 week excessive of Rs. 303.00 on 31-May-2018 and a fifty two week low of Rs. 212.00 on 14-Feb-2019.

Last one week excessive and coffee of the scrip stood at Rs. 255.75 and Rs. 248.05 respectively. The cutting-edge market cap of the agency is Rs. 153390.31 crore.

The promoters holding inside the business enterprise stood at 70.Ninety six%, even as Institutions and Non-Institutions held 26.09% and 2.95% respectively.

Coal India’s coal allocation beneath spot e-public sale scheme has declined with the aid of 37.7 in step with cent to 34.34 million tonnes within the last monetary (2018-19). The employer had allotted 55.17 million tonnes (MT) of coal in FY 2018.

The corporation’s coal distribution thru e-public sale turned into added for you to provide get right of entry to to coal for such customers who are not able to supply the dry fuel thru the available institutional mechanism.

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