Coal India shares saw a 2% dip in early trading as investors reacted to the company's latest quarterly performance. The mining giant posted a consolidated net profit of Rs 8,852 crore, representing a modest 1% year-on-year increase but reflecting a notable 18% decline compared to the previous quarter.
While the sequential drop in profitability weighed on market sentiment, major brokerage firms are maintaining a glass-half-full perspective. Jefferies has reaffirmed its Buy rating, setting a price target of Rs 500 per share.
Analysts point to several tailwinds that could support a rebound, including a projected uptick in power demand and stabilized earnings growth. Despite the short-term earnings hiccup, the stock is considered attractively valued at current levels.
Market participants are now closely monitoring production volume trends and regulatory updates to see if the firm can regain momentum in the coming months.
