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Coal India hits over two month high; stock up 3%

The stock was up 3% at Rs 292, trading at its highest level since June 11, 2018 on the BSE.

Power ministry's coal tolling policy languishes as State discoms stay away
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SI Reporter Mumbai
Shares of Coal India hit an over two-month high of Rs 292, up 3% on the BSE in an otherwise range bound market on expectations that government may defer stake sale in the company as the stock falls. The stock was trading at its highest level since June 11, 2018, on the BSE.

The government has advised Coal India that the deadline for a minimum 25% public holding has been deferred by two years since the stock has underperformed, the Economic Times report suggested quoting company executives.

Last week Business Standard had reported that the capital markets regulator