• search
For Mumbai Updates
Allow Notification  

Debut on bourses: Coal India trades over Rs 300


Coal India logo
Mumbai, Nov 4: After the strong debut of Reliance Power on the bourses, the world's biggest coal producer, Coal India made similar kind of debut in the index on Thursday, Nov 4.

The stock mounted as much as 33 percent to Rs 326.50, and traded at Rs 324.75 in the opening trade on Nov 4.

"The market sentiment is bullish, which makes a big difference," stated SMC Wealth Management Services' chairman, DK Aggarwal and also added, "It"s a demand-supply thing."

Coal India is the largest coal reserve owner and producer in the world and it has access to 64.3 billion tonnes of coal reserves, which is 6 percent of the global proven reserves.

Coal India listed at Rs 287 on the Bombay Stock Exchange (BSE), much higher than its issue price of 245.

OneIndia News

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more