Stock to buy: Strong buy advice in this Navaratna company stock, investors' money tripled in two years- CMB College

Stock to buy: Strong buy advice in this Navaratna company stock, investors’ money tripled in two years

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Coal India share priceCoal India, one of India’s Navaratna companies, is a stock with excellent short-term returns. Not only has Coal India’s stock reached its highest peak in the last 7 years, it has also given a multibagger return of 200 percent in 2 years. Now the company is also going to pay an interim dividend of Rs 15.25 to its shareholders for 2023-24.

On Monday 13 November 2023, the stock price of Coal India Limited was Rs 349.35. It was 5.28 percent higher than the previous close. The stock price of Coal India Limited has increased by 13.44 percent in the last one month. Coal India Limited’s 52-week high of Rs. 350.00 and a 52-week low of Rs. is 207.60. Coal India Limited has a market cap of Rs. 2,15,295 crores.

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200% return in just 2 years: Coal India has almost tripled its investors’ money in just two years. On October 15, 2020, a share was priced at Rs 109.55 and on November 13, 2023, it touched Rs 349.25. That is, during this period it was able to give 200 percent return.

If we talk about one week performance, the stock of Coal India has gained 11.17 percent. It has returned around 50 percent in the last 3 months, while it has gained around 47 percent in the last 6 months. It has returned over 55 percent so far this year.

Analysis of Coal India Limited: Talking about the key metrics for Coal India Limited, it has a PE ratio of 7.67 and an Earnings per share of 45.53. The price/sales ratio is 0.95 and the book to book ratio is 2.97.

Buy, Sell or Hold Coal India: According to Refinitiv, 21 analysts have an average recommendation of Buy for Coal India Limited stock. 11 analysts recommend a strong buy on Coal India. Whereas, 5 analysts are recommending buy. Two analysts are recommending hold and 3 analysts are recommending sell.

(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own and not those of Live Hindustan. The information provided here is only about stock performance and is not investment advice. Investing in stock market is. Subject to risks and advice of your advisor before investing. take.)

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