Coal India in demand ahead of earnings

Coal India rose 2.05% to Rs 303.70 at 11:37 IST on BSE ahead of its standalone earnings for the year ended 31 March 2013 today, 20 May 2013.

Meanwhile, the BSE Sensex was up 133.69 points, or 0.66%, to 20,419.81.

On BSE, 78,083 shares were traded in the counter as against an average daily volume of 2.47 lakh shares in the past one quarter.

The stock hit a high of Rs 305.40 and a low of Rs 300 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 291.20 on 19 March 2013.

The stock had underperformed the market over the past one month till 17 May 2013, rising 0.35% compared with the Sensex's 8.30% rise. The stock also underperformed the market in past one quarter, falling 14.89% as against Sensex's 4.20% rise.

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

Along with the year ended 31 March 2013 results, Coal India' board of directors will also consider recommendation of final dividend, if any.

Coal India unveils consolidated results for the year ended 31 March 2013 on 27 May 2013.

Coal India's consolidated net profit rose 8.9% to Rs 4395.11 crore on 12.9% growth 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.

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