Archive · 22 Sep 2026
Coal India Shares Rise After Morgan Stanley Upgrade
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.
Coal India shares climbed 3% to ₹426.75 in morning trade on the BSE on 22 September.
Morgan Stanley upgraded Coal India to “overweight” and raised its target price to ₹480.
The firm cited rising thermal power demand, lower plant inventories and higher coal prices as growth drivers.
Morgan Stanley raised its FY27 earnings-per-share estimate for Coal India by 20%.
Equirus Securities also upgraded the stock, while Globe Capital Market advised accumulation at ₹410–₹420 with a ₹385 stop-loss.
- Who
- Coal India, Morgan Stanley, Equirus Securities and Globe Capital Market analyst Vipin Kumar.
- What
- Coal India’s shares rose after Morgan Stanley upgraded the stock and increased its target price.
- When
- Morning trade on Tuesday, 22 September; the article also refers to 22 September 2026 for the technical analysis.
- Where
- On the BSE.
- Why
- Morgan Stanley expects stronger thermal power demand, lower plant inventories, higher coal prices, volume growth and increased e-auction premiums.
- 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.