Coal India advances after declaring provisional data for May

Coal India rose 2.91% to Rs 305.55 at 11:21 IST on BSE after the company announced production and sales data on provisional basis for May 2016.

The announcement was made after market hours yesterday, 1 June 2016.

Meanwhile, the S&P BSE Sensex was down 35.23 points or 0.13% at 26,678.70

On BSE, so far 3.18 lakh shares were traded in the counter as against average daily volume of 5.64 lakh shares in the past one quarter. The stock hit high of Rs 307 and low of Rs 297 so far during the day. The stock had hit a record high of Rs 447.25 on 5 August 2015. The stock had hit a 52-week low of Rs 272.05 on 12 April 2016. The stock had underperformed the market over the past one month till 1 June 2016, rising 3.41% compared with 4.32% gains in the Sensex. The scrip had also underperformed the market in past one quarter, falling 6.55% as against Sensex's 12.34% gains.

The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

Coal India and its subsidiaries and its subsidiaries on provisional basis achieved 95% of targeted production at 42.58 million tonnes in May 2016. Coal India and its subsidiaries on provisional basis achieved 89% of targeted offtake at 45.53 million tonnes in May 2016.

Coal India's consolidated net profit rose 0.2% to Rs 4247.93 crore on 0.7% decline in total income to Rs 22904.36 crore in Q4 March 2016 over Q4 March 2015.

Coal India is an organized state-owned coal mining corporate. The Government of India held 79.65% stake in Coal India (as per the shareholding pattern as on 31 March 2016).

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