Coal India Share Price: Buy Coal India, target price Rs 178: Motilal Oswal

Motilal Oswal has buy call on Ltd. with a target price of Rs 178. The current market price of Coal India Ltd. is Rs 133.45.

Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 82488.12 Crore) operating in Mining sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 24334.62 Crore, up 9.43 % from last quarter Total Income of Rs 22237.82 Crore and down 1.09 % from last year same quarter Total Income of Rs 24602.19 Crore. Company has reported net profit after tax of Rs 3083.95 Crore in latest quarter.

Investment Rationale
Muted power demand has impacted e-auction realizations and overall growth in off-take. However, with recovery in power demand and a large cash position, Coal India can tide over the situation.

Promoter/FII Holdings
Promoters held 66.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 6.5 per cent, DIIs 22.2 per cent and public and others 5.1 per cent.