Coal india Share Price:
The stock of Coal India reached its new 52-week high on Thursday 11 August 2022.
In the first quarter of the current financial year 2022-23, the profit of Coal India increased three times due to an increase in sales.
Coal India sold around 21 million tonnes (MT) of coal through e-auction during April-June 2022 quarter.
After the excellent results of Coal India's June quarter, brokerage houses are bullish on the stock of Coal India.
Coal India's consolidated net profit grew by 178.65% to Rs 8,832.86 crore for the April-June quarter.
In the corresponding April-June quarter of the last financial year, the net profit of Coal India was Rs 3,169.86 crore.
Coal India's operating income increased to Rs 35,092.17 crore in the first quarter of the current financial year.
Coal India's operating income stood at Rs 25,282.75 crore in the same quarter of the previous financial year.
CIL's total expenditure for the quarter stood at Rs 23,985 crore. 21,626.5 crore in the same quarter last fiscal.
Brokerage houses are bullish on this after the excellent results of Coal India. Brokers have increased the target price of Coal India.