30-Oct-2026 08:11:11
COALINDIAGeneral news
MORGAN STANLEY ON COAL INDIA ; OVERWEIGHT | TP ₹480
• Morgan Stanley maintains Overweight rating on Coal India with a target price of ₹480. • Strong thermal power demand and coal inventories at five-year lows expected to support an earnings upgrade cycle. • Elevated global coal prices could drive higher e-auction premiums and improve coal realisations. • Expects sustained recovery in coal demand, supported by low inventory levels at thermal power plants. • Rising international coal prices and stronger domestic demand expected to support Coal India's revenue growth and profitability.
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