4 hrs ago

Coal India Shares Rise After Morgan Stanley Upgrade

Coal India share price climbs 3% after Morgan Stanley upgrades, raises target price · livemint.com

Coal India’s share price went up on Tuesday.

This happened after Morgan Stanley became more positive about the company’s stock.

Morgan Stanley raised its expected price from its earlier view to ₹480.

It expects more demand for coal from power plants.

It also expects coal prices and auction premiums to rise.

Another brokerage, Equirus Securities, also gave the stock a more favorable rating.

A market analyst said investors could consider buying between ₹410 and ₹420, but suggested selling if it closes below ₹385.

These views suggest optimism, but they are not a guarantee that the share price will rise.

Key facts

Share price move: Coal India rose 3% to an intraday high of ₹426.75.
Opening price: The shares opened at ₹422.90, compared with the previous close of ₹414.50.
Morgan Stanley rating: Upgraded Coal India to “overweight”.
Morgan Stanley target: Raised the target price to ₹480.
FY27 EPS estimate: Raised by 20% after changes to volume and e-auction premium assumptions.
Equirus Securities view: Upgraded the stock to “add” from “reduce” and set a December 2027 target of ₹450.
Technical levels: Globe Capital Market advised accumulation at ₹410–₹420, with a closing stop-loss at ₹385 and targets of ₹475 and higher.

livemint.com · 5 hrs ago