Coal India gains on HSBC upgrade to 'overweight'
Coal India has gained 2% on the BSE after HSBC upgraded the stock to "overweight" from "neutral".
 "Coal India gains on HSBC upgrade to 'overweight'")
Shares of Coal India are trading higher by nearly 2% to Rs 340 on the BSE after HSBC upgraded the stock to "overweight" from "neutral".
Coal India will be the main beneficiary of India's increased focus on domestic coal production, HSBC added. In addition, HSBC said that temporary ownership of cancelled coal blocks to Coal India is a positive sign.
The stock opened at Rs 336, touched a high of Rs 343 and a low of Rs 332 on the BSE.