Coal India gains as Board declares interim dividend

The announcement was made after market hours on Thursday, 14 March 2013.

Meanwhile, the S&P BSE Sensex rose 48.28 points or 0.25% to 19,618.72

On BSE, 18,868 shares were traded in the counter as against average daily volume of 2.50 lakh shares in the past one quarter.

The stock hit a high of Rs 323 and a low of Rs 321.40 so far during the day. The stock had hit a 52-week high of Rs 386 on 17 September 2012. The stock had hit a 52-week low of Rs 301.20 on 18 May 2012.

The stock had underperformed the market over the past one month till 14 March 2013, sliding 9.06%, compared with the Sensex's 0.38% rise. The scrip had also underperformed the market in past one quarter, falling 9.82% as against Sensex's 1.31% gain.

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

Based on the current share price of Rs 322 and an interim dividend of Rs 9.70 per share, the Coal India stock offers a dividend yield of 3.01%.

Coal India's consolidated net profit rose 8.9% to Rs 4395.11 crore on 12.9% rise in net sales to Rs 17325.04 crore in Q3 December 2012 over Q3 December 2011.

Coal India is the largest coal producer in the world

Powered by Capital Market - Live News