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      Coal India drops on weak Q1 results

      MoM Team / Mumbai, Aug 16, 2017 09:24 AM IST

        Coal India drops on weak Q1 results

        Coal India dropped 0.4 percent to Rs 238 on BSE after consolidated net profit fell 23.3 percent to Rs 2351.13 crore on 3.6 percent rise in net sales to Rs 18404.32 crore in Q1 June 2017 over Q1 June 2016.

        The announcement was made after market hours on Monday, 14 August 2017. The market remained closed on 15 August 2017 due to Independence Day.

        Meanwhile, the S&P BSE Sensex was up 86.74 points or 0.28 percent at 31,535.77.

        On the BSE, 36,362 shares were traded on the counter so far as against the average daily volumes of 3.55 lakh shares in the past one quarter. The stock had hit a high of Rs 239.85 and a low of Rs 236 so far during the day. The stock had hit a 52-week high of Rs 349.85 on 17 August 2016. The stock had hit a record low of Rs 234 on 11 August 2017.

        The large-cap company has equity capital of Rs 6207.41 crore. Face value per share is Rs 10.

        Coal India is an organized state owned coal mining corporate. The government of India held 78.86 percent stake in the company as per shareholding pattern as on 30 June 2017.

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      Source: Capital Market

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