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Coal India shares rise

November 11, 2010

Shares in Coal India rose 1.8 percent on Thursday to close at 328.45 rupees.

The company, which is the world’s largest coal miner, may miss the current fiscal year’s 460.5 million tonnes production target, its technical director said on Wednesday.

The government recently raised about 152 billion rupees through the sale of some of its holding in Coal India.

However, shares have eased a bit after hitting a high of 357.6 rupees on November 5, after a stellar IPO debut on November 4.

Will you take advantage of this fall to enter the stock?

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