JPMorgan overweight on Coal India; here’s why
JPMorgan has an overweight rating on Coal India with a target price of Rs 238. They said that the February performance was rather good – that’s the operational numbers that have already come out.
JPMorgan has an overweight rating on Coal India with a target price of Rs 238. They said that the February performance was rather good – that’s the operational numbers that have already come out.
So, the production number went up to around 4 percent, but the offtake number jumped by around 12 percent.
Also for the fifth month, consecutively, the offtake number is more than 50 million tonne, so offtake, operational performance is good.
Watch the accompanying video of CNBC-TV18’s Nigel Dsouza for more details.
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