Despite a gentle rise in captive coal manufacturing, Coal India has broadly retained its dominant 60% share in India’s general coal demand.
Shares of Coal India rose 2 per cent in early commerce on Wednesday, supported by renewed shopping for curiosity and constructive brokerage commentary.
The inventory traded at ₹448.05 on the NSE at 11.24 am, after climbing to an intraday excessive of ₹451.80 in contrast with the earlier shut of ₹443.55. The counter had earlier touched its 52-week excessive of ₹461.55 on January 29, 2026.
Jefferies maintained purchase name and raised its goal worth to ₹485
JM Financial retained a scale back score at ₹420 goal worth
Global brokerage Jefferies maintained a purchase score on Coal India and raised its goal worth to ₹485 from ₹450, citing bettering earnings visibility and beneficial demand situations. The brokerage famous that after a 21 per cent earnings per share decline over FY24–26E, the corporate’s earnings trajectory is predicted to enhance with a 9 per cent compound annual progress price over FY26–28.
Jefferies mentioned a restoration in energy demand, pushed by expectations of an intense summer season and weak rainfall, is prone to assist larger coal volumes. It additionally highlighted that agency international coal costs might enhance e-auction realisations for the corporate.
Despite a gentle rise in captive coal manufacturing, Coal India has broadly retained its dominant 60 per cent share in India’s general coal demand.
Domestic brokerage JM Financial, nonetheless, maintained a extra cautious stance after assembly the corporate’s administration. The brokerage mentioned the long-term coal demand outlook stays intact and Coal India is concentrating on annual progress of about 5 per cent over the medium time period.
JM Financial famous that each gas provide settlement costs and e-auction costs have stabilised after the latest surge and are prone to stay regular, barring short-term spikes attributable to supply-side constraints. Early trials aimed toward changing imported coal, which has an annual requirement of 40–45 million tonnes, with home provides have proven encouraging outcomes.
The brokerage added that the corporate is working to spice up provides to non-power sector shoppers akin to sponge iron producers in jap India and cement producers to enhance general offtake. While non-public business coal mining is increasing quickly, it’s anticipated to stabilise at round 300–320 million tonnes by FY29. Coal gasification stays one other space of strategic exploration for future progress. JM Financial maintained a scale back score on the inventory with a goal worth of ₹420.
Published on March 11, 2026
