County Coal Financial News

Coal India with a target price of Rs 265. The current market price of Coal India is Rs 232.15.

₹233.05 against the previous close of ₹230.25 and traded with a gain of 1.26 per cent at ₹233.15 on BSE around 9:20 am. Shares of Coal India have underperformed the equity benchmark Sensex in the last one year. The stock is up about 7 per cent while the Sensex has gained about 12 per cent in the last one year period.

Coal India: Coal India Limited posted a 10% year-on-year decline in net profit which stood at ₹7,941 crore during the quarter ending June 2023 down from ₹8,834 crore reported during the corresponding quarter last year. The net sales of the company grew marginally to ₹33,072.6 crore during the quarter under review from ₹32,497.9 during Q1FY23. Sequentially, Coal India's net profit jumped 43% from ₹5527.6 crore during the quarter ending March 2023.

EIH Ltd, the parent company of Oberoi Hotels, has reported a substantial 61% increase in its consolidated net profit for the initial quarter of the fiscal year. Concurrently, the company's revenue also experienced a noteworthy surge of 26.7% in comparison to the same period from the previous year.During the quarter ending on June 30, the hospitality firm achieved a profit after tax amounting to ₹106 crore, demonstrating a significant rise from ₹69.44 crore recorded in the corresponding quarter of the preceding fiscal year.The total income from operations for the company reached ₹522.6 crore, showcasing a substantial growth from ₹412.33 crore in the initial quarter of the previous year.

Inox WindPromoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price of Rs 208 a piece.360 One WamForeign investor General Atlantic Singapore has nearly sold its entire stake in 360 one Wam through the block deals.Bikaji FoodsLighthouse India fund has sold its partial stake in Bikaji Foods via block deals. Prominent domestic funds Tata AIA Life, ICICI Pru Life and foreign investors Morgan Stanley, Kotak Mahindra AMC (Singapore) among others bought the stake in the company.Read more: What changed the market while you were sleepingCoal IndiaState-owned Coal India's consolidated net profit fell 10% year-on-year to Rs 7,941 crore for the June quarter.

Coal India on Tuesday reported a 10% YoY fall in its consolidated net profit to Rs 7,941 crore for the quarter ended June 2023. The profit was, however, higher than the ET NOW poll of Rs 6,738 crore. Revenue from operations also beat the estimates at Rs 35,983 crore in the reporting period, rising by a marginal 3% YoY.

Deven Choksey, MD, KRChoksey Holdings Pvt. Ltd, says “maybe for Coal India, the price in the open options has also fetched a better realisation. To a greater extent, that should also get reflected positively into the company’s numbers.

KIOCL(up 5.22%), Pokarna(up 2.29%), Ashapura Minechem(up 1.30%), Orissa Minerals Development Company(up 0.97%), Gujarat Mineral Dvpt Corporation(up 0.77%), NMDC Ltd(up 0.18%) and Coal India(up 0.02%) were among the top gainers. Aro Granite Industries(down 1.70%), MOIL(down 1.42%) and Madhav Marbles and Granites(down 0.44%) were among the top losers.

Castrol India Ltd, Westlife Foodworld Ltd, among four other companies will be in focus on Tuesday as they will trade ex-dividend today. A total of seven stocks will trade ex-dividend today. The ex-dividend date is the day on which the price of an equity share adjusts to reflect the next dividend payout.

₹234.90 apiece on the BSE, after opening at ₹232.55 apiece against the previous close of ₹232.85 apiece.Coal India’s revenue is likely to fall 1.27% to ₹34,645 crore in the quarter ended June 2023 as compared to ₹35,092.2 crore in the corresponding quarter of last fiscal. On a sequential basis, Coal India Q1 revenue may fall 9.19% from ₹38,152.3 crore in the March quarter, according to average analysts' estimates.Coal India’s net profit in Q1FY24 is likely to fall 33% to ₹ ₹5,890 crore from ₹8,834.2 crore in the same period last year., as per brokerage poll by Livemint.

Q1 results today: Amid trend reversal at Indian stock market, stock market experts are advising intraday traders and positional investors to remain vigilant about the quarterly earnings for the financial year 2023-24. They said that Q1 results 2023 would help an investor understand the fundamental status of the company with more clarity as companies declare their earnings expected for medium to long term as well while announcing their quarterly results. For such investors and traders, there is a piece of stock market news.

Adani GreenPromoter entity Infinite Trade And Investment has sold partial stake in Adani Green through bulk deals on Monday, while a Qatar-based sovereign fund bought some shares.HDFC BankHDFC Bank’s investability weighting in FTSE Emerging All Cap index has increased to 1.52% from 0.81%, following the merger with HDFC.PB FintechPB Fintech Ltd, which runs Policybazaar and Paisabazaar, has narrowed its losses substantially to Rs 11.9 crore in the first quarter. Operating revenue rose 32% to Rs 666 crore.Read more: What changed the market while you were sleepingAdani Ports, Coal India, Siemens, HindalcoShares of Adani Ports, Coal India, Siemens, and Hindalco will be in focus as the companies will announce their first quarter results.BEMLBEML has secured the letter of acceptance (LoA) from Bangalore Metro Rail Corp for supply of Rolling stock contract 5RS-DM valued at Rs 3,177 crore.Inox WindPromoter entity will likely sell shares worth Rs 500 crore in Inox Wind via block deal tomorrow, according to reports.Godrej ConsumerGodrej Consumer's sales rose 10% led by volume growth of 10% in the first quarter.

₹19,406 crore, will supply 1478.28 MW of power to Uttar Pradesh and 492.72 MW to Assam. The project is in the implementation phase, with the first phase of this plant is expected to start power generation by the end of this year, it added. NLCIL is also working on a 3 x 800 MW pithead thermal power plant at Talabira in Odisha, projected to cost ₹19,422 crore.

Ashapura Minechem(up 4.18%), Oriental Trimex(up 2.54%), Aro Granite Industries(up 1.01%) and Orissa Minerals Development Company(up 0.51%) were among the top gainers. KIOCL(down 3.75%), MOIL(down 2.74%), NMDC Ltd(down 0.79%), Lexus Granito(down 0.75%), Gujarat Mineral Dvpt Corporation(down 0.68%), Pokarna(down 0.56%), Madhav Marbles and Granites(down 0.34%) and Coal India(down 0.32%) were among the top losers.

₹4 trillion in the last fiscal year, registering a 28% rise from 2021-22, a Mint analysis showed. The analysis is based on 439 of the BSE 500 companies for which data was available. This includes proposed payouts, and uses both audited and unaudited numbers.

Tata Chemicals, Emami, Max Healthcare, PB Fintech, Gland Pharma, Whirlpool, Eris Lifesciences, Indigo Paints, Sun Pharma Advanced Research Company, Poly Medicure, The Ramco Cements etc. On Tuesday, the companies which will announce their April-June quarter results include Adani Ports, Coal India, Hindalco Industries, Oil India, Birla Corporation, Siemens, Star Cement, Ideaforge Technology, Dish TV India, India Tourism Development Corporation, Artemis Medicare Services, Phoenix Mills Wednesday is again going to be a busy day as more than 100 companies will release their earnings which include Tata Power, Berger Paints India, IRCTC, Bharat Forge, Zee Entertainment Enterprises, Bata India, Natco Pharma, BSE Limited, Reliance Power, Hinduja Global Solutions, Bajaj Consumer Care, CARE Ratings etc.

LIC, Adani Ports, Tata Chemicals, Grasim, Tata Power among others will announce their June quarter results this week.August 7Godrej Consumer, Torrent Pharma, Max Healthcare, Tata Chemicals, Gland Pharma, Ramco Cements, Bayer Cropscience, Emami, Whirlpool, Kims, Poly Medicure, Medplys, Eris Lifesciences, Olectra Greentech among others will report their Q1 results.August 8Adani Ports, Coal India, Siemens, Hindalco, Linde India, Lloyds Metals, Phoenix Mills, Oil India, Prestige Estates, Aarti Industries, Happiest Minds, Brigade Enterprises, Suven Pharma, Eureka Forbes and others will announce their June quarter results.August 9Tata Power, Berger Paints, Trent, PI Industries, IRCTC, Bharat Forge, Abbott India, Uno Minda, ZEE, SJVN, Ratnamani Metals, Kalyan Jewellers, Natco Pharma, Max Financial and others will come up with their Q1 report cards.August 10LIC, Pidilite Industries, Grasim, Samvardhana, Hero MotoCorp, Alkem Labs, Page Industries, CCI, SAIL, Honeywell Automation, Mazagon Dock, Torrent Power, Biocon, Apollo Tyres, Ipca Labs, Sanofi India, among others will declare quarterly results on August 10.August 11ONGC, HAL, ABB India, Apollo Hospitals, Power Finance Corp, Jindal Steel, Zydus Life, Info Edge, IRFC, Astral, Muthoot Finance, Patanjali Foods, NHPC, Nykaa, Voltas, Timken India, Glenmark Pharma, Sun TV and others will announce their first quarter results.August 12Aurobindo Pharma, Rail Vikas Nigam, JK Cement Finolex Cables, Amara Raja Batteries, PTC Industries, among others will report their results for the quarter ended June

Oil India Limited aims to enhance powers to the OIL board while taking financial decisions. "Finance Minister approved upgradation of Oil India Ltd (OIL) to Maharatna CPSE. OIL will be the 13th Maharatna amongst the CPSEs.

Oil India Ltd (OIL) to Maharatna, taking the number of Maharatnas to 13. The move will impart enhanced powers to the REC Board while taking financial decisions. OIL has annual turnover of Rs 41,039 crores and net profit of Rs 9,854 crores.

Lexus Granito(up 2.45%), Ashapura Minechem(up 1.97%), KIOCL(up 1.58%), Oriental Trimex(up 0.85%), Madhav Marbles and Granites(up 0.70%) and MOIL(up 0.37%) were among the top gainers. Coal India(down 0.83%), NMDC Ltd(down 0.53%), Orissa Minerals Development Company(down 0.44%), Pokarna(down 0.12%) and Gujarat Mineral Dvpt Corporation(down 0.09%) were among the top losers.

₹19,406 crore, the project aims to significantly contribute to the energy requirements of the region, it added. Currently in the implementation phase, the first phase of the power plant is expected to become operational as per plans. The plant is expected to cater to the power needs of Uttar Pradesh, providing a substantial 1478.28 MW of electricity.