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      Coal India gains after reporting production & offtake numbers

      MoM Team / Mumbai, Sep 04, 2017 10:03 AM IST

        Coal India gains after reporting production & offtake numbers

        Coal India was up 2.2 percent to Rs 244 on BSE after the company announced production and offtake numbers for the month of August 2017.

        The announcement was made after market hours on Friday, 1 September 2017.

        Meanwhile, the S&P BSE Sensex was down 35.39 points or 0.11 percent at 31,856.84.

        On the BSE, 1.35 lakh shares were traded on the counter so far as against the average daily volumes of 3.97 lakh shares in the past one quarter. The stock had hit a high of Rs 243.75 and a low of Rs 239 so far during the day. The stock had hit a 52-week high of Rs 341 on 2 September 2016 and a 52-week low of Rs 234 on 11 August 2017.

        The stock had underperformed the market over the past one month till 1 September 2017, sliding 5.49 percent compared with the Sensex's 2.1 percent fall. The stock had also underperformed the market over the past one quarter, declining 10.09 percent as against the Sensex's 2.42 percent rise. The scrip had also underperformed the market over the past one year, sliding 29.49 percent as against the Sensex's 12.2 percent rise.

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

        Coal India reported production and offtake figures for August 2017. Coal India said that production of the company and its subsidiary companies on provisional basis was 102 percent of targeted production at 37.63 million tonnes in August 2017. Offtake was 102 percent of target at 43.75 million tonnes in August 2017.

        Coal India's consolidated net profit fell 23.3 percent to Rs 2351.13 crore on 3.6 percent growth in net sales to Rs 18404.32 crore in Q1 June 2017 over Q1 June 2016.

        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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