Jefferies raises Coal India target price, says valuation reasonable
Analysis of this story by et_markets · 11 Mar 2026, 10:11 AM IST (about 2 months ago)
AI Analysis
The metals sector is experiencing mixed trends, with some reports indicating a rally while others point to falling prices. Coal India's positive outlook is driven by domestic demand and operational efficiency, potentially insulating it from some global commodity volatility.
Trading Insight
Look for entry points in Coal India, considering its strong dividend yield and potential for capital appreciation, with a stop-loss below recent support levels.
Quick check: COALINDIA bullish bias (+1.2% 1d), TATASTEEL neutral (+2.1% 1d).
Key Evidence
- •Jefferies raised Coal India target to Rs 485.
- •Brokerage cites reasonable valuation and improving earnings.
- •Forecasts 9% CAGR in FY26–28.
- •Growth supported by higher e-auction premiums, rising dispatch volumes, and rebound in power demand.
- •Coal India remains a cash-rich, high-dividend PSU stock with strong market share.
Affected Stocks
COALINDIACoal India Ltd
Positive
Jefferies raised target price due to strong earnings outlook, reasonable valuation, and improving operational metrics.
Sources and updates
Original source: et_markets
Published: 11 Mar 2026, 10:11 AM IST
Last updated on Anadi News: 11 Mar 2026, 10:39 AM IST
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