Coal India surges 4% post strong Q4 nos, brokerages see up to 26% upside

Coal India shares rallied as much as 4.11 per cent in the morning deals on Friday, a day after the company reported an impressive 362.46 per cent jump in its net profit at Rs 6,024.23 crore for the quarter ended March 31, 2019. 

At 10:35 am, the stock was trading at Rs 258.45 apiece on the BSE, up over 2 per cent against 0.52 per cent rise in the S&P BSE Sensex at 40,039 levels. 

The state-run coal mining company had posted a net profit of Rs 1,302.63 crore in the corresponding qurater of the previous fiscal year. 

The company’s