County Coal Financial News

₹429 apiece from Monday's high of ₹559, while REC tumbled to ₹472.40 from its previous high of ₹607.80 per share.Also Read: Stock market today: Investors lose ₹38 lakh crore as election race gets tighter than what exit polls predictedOther multibagger PSU stocks such as RVNL, IRFC, RailTel Corporation, and IRCON International also experienced declines of up to 15% during today's trade. Additionally, defense PSU stocks like Mazagon Dock, Cochin Shipyard, and Bharat Dynamics saw losses of up to 10% in their share values.The entire PSU sector took a hit, reflected in all PSU sectoral indices trading in the red with cuts exceeding 10%.

Tata Motors, and Coal India, contributed 72% of the incremental YoY accretion in earnings. Ex-Metals and Oil & Gas, Nifty’s earnings grew 16% YoY.Read Election Results 2024 Live Updates hereNifty earnings per share (EPS) for FY24 increased 2.6% to ₹1,005 from ₹980 earlier, largely fueled by notable upgrades in ONGC, Coal India, and SBI. EPS for FY25E and FY26E also experienced upward revisions of 0.8% each to ₹1,142 and ₹1,327, according to brokerage firm Motilal Oswal.

Coal India, Gujarat State Fertilizer & Chemicals (GSFC), Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), 360 One Wam, Oil and Natural Gas Corporation , Tech Mahindra, PTC India, VST Industries ITC , Power Grid Corporation of India are amongst top 10 dividend yield picks of Religare Broking.The financial statistic termed as dividend yield illustrates how much a company pays out in dividends annually in relation to the price of its stock. A dividend yield of three to five percent is seen as healthy and favorable.

coal production rose by 10.15% to 83.91 million tonnes (MT) in May compared to 76.18 MT in the year-ago period. Coal production by state-owned CIL rose by 7.46% to 64.40 MT in May compared to 59.93 MT in the year-ago period, according to the Coal Ministry's provisional data. Coal India Ltd (CIL) accounts for over 80% of domestic coal output. «Additionally, coal production by captive and other entities in May 2024 stood at 13.78 MT (provisional), reflecting a growth of 32.76% from the previous year, which was 10.38 MT,» the ministry said in a statement.

Ashapura Minechem Ltd.(up 8.66%), Oriental Trimex Ltd.(up 5.59%), MOIL Ltd.(up 4.34%), Coal India Ltd.(up 4.31%), Gujarat Mineral Development Corporation Ltd.(up 3.45%), NMDC Ltd.(up 2.98%), Pokarna Ltd.(up 2.88%), KIOCL Ltd.(up 2.62%), The Orissa Minerals Development Company Ltd.(up 2.55%) and 20 Microns Ltd.(up 1.27%) stood among the top gainers.

Coal India, HAL, BRL, UltraTech Cement, SBI, DLF, BHEL, NTPC, and PFC, among others.Meanwhile, in its structural picks (long-term for 2-3 years), it likes stocks including TVS Motor, L&T, Thermax, Bharat Forge, Trent, Indian Hotels, Sunteck Realty, BPCL, HPCL, etc.The brokerage noted that over the past 10 years, the BJP-led government under Prime Minister Narendra Modi has introduced numerous policy reforms to elevate the Indian economy. Key initiatives include the introduction of RERA and the Insolvency and Bankruptcy Code in 2016, promoting transparency in the real estate sector and streamlining insolvency processes.

Coal India, M&M, Adani Ports, ABB, HPCL, and Hindalco.Midcaps: Indian Hotels, Godrej Properties, Global Health, KEI Industries, PNB Housing, Cello World, and Kirloskar Oil.Read here: ICICI Bank, SBI, L&T, among 15 stock picks by Motilal Oswal after exit pollsWe believe the small-cap and mid-cap stocks (SMID) can take a breather in the new term after a rally led by election results. Moreover, the laggard large-cap stocks are at a good tactical positioning.Among sectors, we like Real Estate, Industrials, and Power from a long-term perspective.

AJIT MISHRA SVP-RESEARCH, RELIGARE BROKING Where is Nifty headed this week? Nifty faced pressure after two weeks of gains, losing nearly 2% amid mixed signals. Currently, Nifty is trading at the lower band of a rising channel around the 22,400 level, and a decisive break here could lead to a further decline, potentially retesting the 21,800-22,000 support zone. In case of a recovery, the 22,900- 23,400 zone would be challenging to surpass. What should investors do? With the election results in focus, we expect continued high volatility. The sector outlook is mixed, with fresh declines in the IT and FMCG sectors reducing hopes for support. Although broader indices remain near their record highs, market breadth has deteriorated, indicating selective participation. In this scenario, we recommend closely monitoring leveraged positions and waiting for more clarity. For short-term trades, traders can consider bullish bets in Bajaj Auto, Britannia, Coal India, Coromandel, Gujarat Gas, HDFC Bank, Torrent Pharma. Bearish on Apollo Tyres, Bajaj Finance, Berger Paints, PVR Inox, Titan, and UPL.

election verdict on June 4, exit polls already have a resounding majority for the Modi government, bringing much-needed cheer to market participants. NDA is forecasted to win 370 seats, according to the average of all exit polls and the markets are likely to react positively to pollsters' predictions.

Coal India is very bullish. The stock is in strong bullish momentum. After some consolidation, it saw some kind of pullback and after pullback, it took support from recent breakout levels. Now we may see a further momentum in the counter, says Santosh Meena, HoR, Swastika Investmart. The data point which we saw on Friday showed that after 14 years, FIIs have turned net long on index. What are you making out of it because they are closing the week and, of course, they are closing the monthly expiry ahead of the outcome with a heavy short built up.

Domestic benchmark index NSE Nifty ended 42.05 points up at 22530.7, while the BSE Sensex closed 75.71 points up at 73961.31.

The NSE Nifty index ended the session 42.05 points up at 22530.7, while BSE Sensex rose 75.71 points to 73961.31.

Top Gainers and Losers in the Nifty Index TodayThe top gainers in the Nifty index today were Adani Enterprises (up 6.80%), Adani Ports & Special Economic Zone (up 3.90%), Shriram Finance (up 2.23%), Coal India (up 1.88%), and Tata Steel (up 1.86%). On the other hand, the top losers in the Nifty index were Divis Laboratories (down 2.39%), Nestle India (down 2.08%), Tata Consultancy Services (down 1.74%), Maruti Suzuki India (down 1.58%), and LTI Mindtree (down 1.49%).The bank nifty ended at 48,682.35, with an intraday high of 49,122.55 and a low of 48,569.05.

Ajay Gupta, one of three infamous Gupta brothers, by Indian authorities is a shot in the arm for South Africa's ruling African National Congress (ANC) and the country's President Cyril Ramaphosa in an election season. ANC is seeking re-election in Wednesday's parliamentary polls and the arrest of Ajay Gupta will enable the current ANC leadership to target former president Jacob Zuma under whose rule the Gupta brothers ran a controversial business empire in South Africa. Zuma is accused of backing the Gupta brothers in lieu of personal favours, including financial emoluments. Zuma has formed a separate entity to fight the elections, eyeing to create a rift within ANC supporters and garner votes. This is a high-stakes election for ANC.

Benchmark NSE Nifty closed 44.3 points down at 22888.15 amid selling in frontline bluechip counters.

Bannari Amman Sugars Ltd.(up 1.17%), Ponni Sugars(Erode)Ltd.(up 0.67%), EID Parry(India)Ltd.(up 0.51%), Balrampur Chini Mills Ltd.(up 0.20%) and Avadh Sugar & Energy Ltd.(up 0.01%) stood among the top gainers.

Indo Tech Transformers Ltd.(up 5.00%), Karma Energy Ltd.(up 4.96%), RattanIndia Power Ltd.(up 4.74%), Torrent Power Ltd.(up 2.58%), Jyoti Structures Ltd.(up 1.00%) and Transformers & Rectifiers(India)Ltd.(up 0.27%) stood among the top gainers.

Lexus Granito(India)Ltd.(up 1.34%) stood among the top gainers.

Inox Wind Ltd.(up 9.07%), Inox Wind Energy Ltd.(up 5.01%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.87%), Jaiprakash Power Ventures Ltd.(up 3.29%), PTC India Ltd.(up 2.32%), Adani Green Energy Ltd.(up 2.01%), Orient Green Power Company Ltd.(up 0.96%) and GE T&D India Ltd.(up 0.82%) stood among the top gainers.

Rashtriya Chemicals & Fertilizers Ltd.(up 6.47%), National Fertilizers Ltd.(up 5.72%), Madras Fertilizers Ltd.(up 4.77%), The Fertilisers and Chemicals Travancore Ltd.(up 3.52%), Agro Phos India Ltd.(up 3.33%), Krishana Phoschem Ltd.(up 2.82%), Madhya Bharat Agro Products Ltd.(up 2.79%), Chambal Fertilisers & Chemicals Ltd.(up 2.74%), Nagarjuna Fertilizers and Chemicals Ltd.(up 1.99%) and Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.90%) stood among the top gainers.

Sheetal Cool Products Ltd.(up 6.05%), Bikaji Foods International Ltd.(up 4.05%), Honasa Consumer Ltd.(up 2.93%), Tasty Bite Eatables Ltd.(up 2.84%), Vadilal Industries Ltd.(up 2.09%), Heritage Foods Ltd.(up 1.51%), Patanjali Foods Ltd.(up 1.26%), Dangee Dums Ltd.(up 1.23%) and Emami Ltd.(up 0.84%) stood among the top gainers.