Coal India shares in focus after announcing Rs 10 per tonne price hike for coking and non-coking coal

Coal India shares will remain in focus on Wednesday after the state-run company announced a Rs 10 per tonne price hike for both coking and non-coking coal, effective April 16.The company stated that its board had approved the increase in the notified price of coal by Rs 10 per tonne, from the current Rs 10 per tonne to Rs 20 per tonne for non-coking coal and Rs 10 per tonne for coking coal, for both regulated and non-regulated sectors across CIL, towards contributing to the corpus of CMPS-1998. Coal India contributes to over 80% of domestic coal production.

In the meantime, Coal India produced 781.1 million tonnes (MT) of coal in 2024-25, which is nearly 7% less than the target for the fiscal year. The company's coal production target for 2024-25 had been set at 838 MT.



However, Coal India's coal production in FY25 saw a slight growth of 1% compared to the previous year, as stated in a regulatory filing. The company also reported a 3.1% decline in production for March 2025, with output falling to 85.

8 million tonnes from 88.6 MT in March 2024.Also Read: Stocks in news: Tata Consumer, Swiggy, Godavari Power, Tata Motors, Indian BankCoal India shares target priceAs per Trendlyne data, the average target price of the stock is Rs 464, which shows an upside of 17% from the current market prices.

The consensus recommendation from 25 analysts for the stock is a 'Buy'.Technically, the stock's relative strength index (RSI) is at 60.5.

According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions. Additionally, the MACD is at 6.2, which is above its center and signal line, this is a bullish indicator.

Coal India shares are trading above their 5-day, 20-day, 30-day, 50-day, and 100-day simple moving averages (SMAs) but remain below the 10-day, 150-day, and 200-day SMAs.Also Read: Senco Gold to Rajesh Exports: 9 stocks that could skyrocket over 100%Coal India shares performanceOn Tuesday, Coal India shares closed at Rs 398.1 on the BSE, down 0.

1%, while the benchmark Sensex declined 1.8%. The stock has dropped 21% in the last six months but has surged 86% in the past two years.

The company’s market capitalization stands at Rs 2,45,338 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times).