Coal India surges 32% in 4 days on improved outlook; stock nears 52-wk high

MOSL expects profitability to recover further in January-March quarter (Q4FY22) led by strong e-auction premiums, which breached the 100 per cent mark after 12 quarters in Jan-Feb.

Shares of Coal India (CIL) surged 7 per cent to Rs 198 on the BSE in Thursday’s intra-day trade. The stock has rallied 32 per cent in last four trading sessions on improved outlook amid rising commodity prices. The stock of state-owned company now traded close to its 52-week high of Rs 203.85 registered on October 6, 2021.

At 10:30 am; the stock pared some of the gains, and traded 2.7 per cent higher at Rs 190 on back of heavy volumes. In comparison, the S&P BSE Sensex was up 0.1 per cent at 55,515. The trading volumes at