County Coal Financial News

KPI Green Energy Ltd.(up 5.00%), Inox Wind Energy Ltd.(up 4.37%), GE T&D India Ltd.(up 4.06%), Inox Wind Ltd.(up 3.89%), SJVN Ltd.(up 2.63%), Jyoti Structures Ltd.(up 1.77%), Kalpataru Projects International Ltd.(up 1.53%), JSW Energy Ltd.(up 1.35%), Karma Energy Ltd.(up 1.31%) and Torrent Power Ltd.(up 0.62%) were among the top gainers.

20 Microns Ltd.(up 5.87%), NMDC Ltd.(up 5.74%), Sandur Manganese & Iron Ores Ltd.(up 5.00%), Gujarat Mineral Development Corporation Ltd.(up 3.50%), MOIL Ltd.(up 2.51%), KIOCL Ltd.(up 2.34%), The Orissa Minerals Development Company Ltd.(up 1.53%), Oriental Trimex Ltd.(up 1.14%), Pokarna Ltd.(up 0.71%) and Coal India Ltd.(up 0.66%) stood among the top gainers.

Future Consumer Ltd.(up 5.56%), Heritage Foods Ltd.(up 3.08%), Dangee Dums Ltd.(up 1.83%), Procter & Gamble Hygiene & Healthcare Ltd.(up 1.68%), Tasty Bite Eatables Ltd.(up 1.50%), Honasa Consumer Ltd.(up 0.74%), Gillette India Ltd.(up 0.71%), ADF Foods Ltd.(up 0.59%), LT Foods Ltd.(up 0.52%) and Jyothy Labs Ltd.(up 0.26%) stood among the top gainers.

Indo Tech Transformers Ltd.(up 10.00%), Hitachi Energy India Ltd.(up 9.61%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Reliance Power Ltd.(up 4.94%), Jyoti Structures Ltd.(up 4.72%), KPI Green Energy Ltd.(up 4.56%), JSW Energy Ltd.(up 4.40%), Energy Development Company Ltd.(up 2.74%), Power Grid Corporation of India Ltd.(up 2.14%) and Voltamp Transformers Ltd.(up 1.68%) stood among the top gainers.

Read here: Tata Motors vs M&M: Which auto major should you pick for the long term? Amidst this favorable landscape, let's compare Coal India (CIL) and NTPC to discern which PSU stock offers superior long-term investment prospects. Coal India as well as NTPC have underperformed benchmark Nifty PSE this year so far but CIL is the better performer between the two. CIL has risen over 20 percent in 2024 YTD while NTPC is up over 15 percent.

Lexus Granito(India)Ltd.(up 5.34%), MOIL Ltd.(up 2.95%), KIOCL Ltd.(up 1.57%) and Coal India Ltd.(up 0.49%) stood among the top gainers.

Kothari Sugars & Chemicals Ltd.(up 2.44%), Mawana Sugars Ltd.(up 2.07%), Simbhaoli Sugars Ltd.(up 1.83%), Bannari Amman Sugars Ltd.(up 1.77%), Balrampur Chini Mills Ltd.(up 1.65%), Rana Sugars Ltd.(up 1.37%), Sakthi Sugars Ltd.(up 1.36%), DCM Shriram Industries Ltd.(up 1.33%), Triveni Engineering & Industries Ltd.(up 0.84%) and KM Sugar Mills Ltd.(up 0.68%) stood among the top gainers.

Coal India’s capital expenditure has increased 6.5% in FY24 to ₹19,840 crore. It is the highest ever capex recorded by Coal India in a year. "Comparatively, the capex was ₹18,619 crore in the preceding fiscal year.

Sandur Manganese & Iron Ores Ltd.(up 4.82%), Pokarna Ltd.(up 0.46%) and NMDC Ltd.(up 0.30%) were among the top gainers.

Lexus Granito(India)Ltd.(up 13.15%), Sandur Manganese & Iron Ores Ltd.(up 4.99%), Pokarna Ltd.(up 3.13%), Aro Granite Industries Ltd.(up 2.81%), Coal India Ltd.(up 0.89%) and MOIL Ltd.(up 0.63%) were among the top gainers.

The NSE Nifty index traded 92.0 points down at 22661.8, while BSE Sensex was down 351.9 points at 74686.25 as of 11:05AM(IST)on April 12.

Transformers & Rectifiers(India)Ltd.(up 4.91%), Tata Power Company Ltd.(up 2.38%), Indo Tech Transformers Ltd.(up 2.02%), Adani Energy Solutions Ltd.(up 1.95%), Torrent Power Ltd.(up 1.47%), Voltamp Transformers Ltd.(up 1.41%), NTPC Ltd.(up 1.36%), Inox Wind Ltd.(up 1.34%), PTC India Ltd.(up 0.80%) and NHPC Ltd.(up 0.65%) were among the top gainers.

Bohra Industries Ltd.(up 3.94%), Sikko Industries Ltd.(up 0.93%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.39%), Coromandel International Ltd.(up 0.31%), Madhya Bharat Agro Products Ltd.(up 0.20%) and Rama Phosphates Ltd.(up 0.11%) were among the top gainers.

Also Read: As El Niño flips over, Skymet forecasts normal monsoon this year Moreover, metal stocks are enjoying a consistent upward trend, with industrial metal prices soaring to multi-year highs. Banking stocks have also performed strongly. This surge in major sectoral indices propelled the Nifty 50 to achieve a new record high of 22,775 points in the previous trading session.

Domestic benchmark index NSE Nifty ended 111.05 points up at 22753.8, while the BSE Sensex closed 354.45 points up at 75038.15.

EID Parry(India)Ltd.(up 3.11%), Shree Renuka Sugars Ltd.(up 1.44%), Vishwaraj Sugar Industries Ltd.(up 0.90%), Rana Sugars Ltd.(up 0.88%), Dhampur Sugar Mills Ltd.(up 0.79%), Ponni Sugars(Erode)Ltd.(up 0.67%), DCM Shriram Industries Ltd.(up 0.56%), Magadh Sugar & Energy Ltd.(up 0.52%), Bajaj Hindusthan Sugar Ltd.(up 0.46%) and Triveni Engineering & Industries Ltd.(up 0.42%) stood among the top gainers.

Shilpa Rout, Derivatives Analyst, Prabhudas Lilladher, says Coal India is one of the top picks had today. The other one would be SRF which is also showing a lot of momentum. The chemical and fertiliser space is buzzing very strongly. And from here, SRF can touch Rs 2,750 to 2,800. It has already run up from the time I have been giving this recommendation. But yes, on every decline towards 2,640 also, we can buy. Let’s keep a stop loss at Rs 2,600 or just below that, maybe Rs 2,595 and look for targets towards Rs 2,800. What are you expecting in Nifty and Nifty Bank? Nifty has crossed the 22,700 mark/ Any particular level that one should watch out for as a support and a resistance for the Nifty? Shilpa Rout: We see that there is a resistance at around 22,800 and until and unless we breach on the upside from here, we might not see 22,000, 23,200 coming in very easily. However, there is a limited downside. We have a very strong support at 22,500 as well. So, any sort of dip that you get intraday or maybe a couple of days towards 22,500 should be a buying opportunity and to go long for 22,800 to 23,000 to 23,200 as well.

NLC India Ltd.(up 4.82%), Jyoti Structures Ltd.(up 4.00%), Transformers & Rectifiers(India)Ltd.(up 3.18%), Kalpataru Projects International Ltd.(up 3.08%), Suzlon Energy Ltd.(up 2.94%), Energy Development Company Ltd.(up 2.39%), JSW Energy Ltd.(up 1.87%), Indo Tech Transformers Ltd.(up 1.69%), PTC India Ltd.(up 1.50%) and Orient Green Power Company Ltd.(up 1.17%) were among the top gainers.

Jefferies has reiterated its buy stance on state-run Coal India (CIL) and two private sector players viz. Tata Steel and Hindalco Industries amid signs of optimism in the metal space. Meanwhile, the US brokerage has maintained a 'hold' view on JSW Steel. In Jefferies' view, the global recovery in manufacturing including one in China is driving the sector and there are now signs of a rising trade.

Madhya Bharat Agro Products Ltd.(up 3.81%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 2.07%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.84%), Chambal Fertilisers & Chemicals Ltd.(up 1.46%), Madras Fertilizers Ltd.(up 1.21%), Sikko Industries Ltd.(up 1.20%), National Fertilizers Ltd.(up 1.08%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.03%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 0.84%) and Zuari Agro Chemicals Ltd.(up 0.72%) were among the top gainers.

demand in the country likely to cross 400 GW by 2030. These 20 coal blocks which include seven blocks of state-owned Coal India and three blocks of Singareni Collieries Company Ltd (SCCL) will contribute another 100 million tonnes (MT) in three to four years, the source said. Coal India accounts for over 80 per cent of domestic coal output.