Coal India rose 0.17% to Rs 406.30 at 14:20 IST on BSE after a foreign brokerage reportedly gave a buy rating on the stock.
Meanwhile, the S&P BSE Sensex was down 185.39 points or 0.69% at 26,583.10.
On BSE, so far 3.48 lakh shares were traded in the counter as against average daily volume of 3.62 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.94% at the day's high of Rs 413.50 so far during the day. The stock fell as much as 0.73% at the day's low of Rs 402.60 so far during the day. The stock had hit a record high of Rs 423.85 on 11 June 2014. The stock had hit a 52-week low of Rs 331.60 on 13 October 2014.
The stock had outperformed the market over the past one month till 5 June 2015, jumping 11.23% compared with Sensex's 2.45% fall. The scrip had also outperformed the market in past one quarter, surging 11.44% as against Sensex's 9.1% fall.
The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.
A foreign brokerage has given a buy rating on Coal India. According to the brokerage, the government's proposed methodology of auctioning coal linkages for non-regulated sector (such as steel, cement, aluminium, etc.), wherein the floor price would be Coal India's notified coal price for the non-regulated sector, will boost the company's realization.
Meanwhile, another foreign brokerage has reportedly added Coal India to its focus list on expectations of improving realizations. Coal India's average realization could rise by 6.5% per annum in over 2015-17, the brokerage reportedly said.
Coal India's consolidated net profit fell 4.4% to Rs 4238.55 crore on 3.9% growth in net sales to Rs 20774.22 crore in Q4 March 2015 over Q4 March 2014.
Coal India is an organized state owned coal mining corporate.
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