Coal India slips in volatile trade after bulk deal

Coal India fell 0.78% to Rs 268.30 at 12:06 IST on BSE, after a bulk deal of 14.67 lakh shares was executed on the scrip at Rs 270.20 per share at 11:30 IST on BSE today, 19 March 2014.

The bulk deal saw 0.02% of Coal India's equity stake changing hands.

Meanwhile, the S&P BSE Sensex was down 5.67 points or 0.03% to 21,826.94

On BSE, so far 16.61 lakh shares were traded in the counter as against average daily volume of 3.99 lakh shares in the past one quarter.

The stock saw high intraday volatility. It rose as much as 1.88% at the day's high of Rs 275.50 so far during the day. It fell as much as 1.1% at the day's low of Rs 267.40 so far during the day. The stock had hit a record low of Rs 238.35 on 30 August 2013. The stock had hit a 52-week high of Rs 330.65 on 3 June 2013.

The stock had outperformed the market over the past one month till 18 March 2014, rising 6.04% compared with the Sensex's 5.81% rise. The scrip, however, underperformed the market in past one quarter, sliding 4.32% as against Sensex's 4.66% rise.

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

Coal India's consolidated net profit fell 11.4% to Rs 3894.09 crore on 2.3% fall in total income to Rs 19110.74 crore in Q3 December 2013 over Q3 December 2012.

Coal India is the largest coal producer in the world.

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