Coal India drops after block deal

Meanwhile, the BSE Sensex was up 37.74 points or 0.2% at 19,282.16.

On BSE, 9.37 lakh shares were traded in the counter as against average daily volume of 1.52 lakh shares in the past one quarter.

The stock hit a high of Rs 352.80 and a low of Rs 350.25 so far during the day. The stock had hit a 52-week low of Rs 293.75 on 22 December 2011. The stock had hit a 52-week high of Rs 386 on 17 September 2012.

The stock had underperformed the market over the past one month till 17 December 2012, rising 0.19% compared with the Sensex's 5.11% rise. The scrip had also underperformed the market in past one quarter, sliding 6.11% as against Sensex's 3.79% gain.

 

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 rose 18.7% to Rs 3078.08 crore on 10.8% growth in net sales to Rs 14572.54 crore in Q2 September 2012 over Q2 September 2011.

Coal India is the single largest coal producer in the world. Operating through 81 mining areas, the company is an apex body with 7 wholly-owned coal producing subsidiaries and 1 mine planning and consultancy company spread over 8 provincial states of India.

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