The details of number of employees, revenue for FY and production of coal is given in the table below: That will make for a lot of intra-day volatility," he said.
But he had a word of Coal india ltd for new investors.
It also manages other establishments like workshops, hospitals, training institutes, mine-rescue setups, etc. So most traders would not want to go short on the market immediately, unless something goes wrong with this strategy.
While inflows into mutual funds have eased a bit over the last couple of months, Mukherjee said it was not a cause for concern as flows into systematic investment plans were still robust.
If Asian currencies continued to weaken because of global news and the rupee breached 70 to the dollar, it could be a trigger for some kind of panic in the market, Mukherjee said.
As on 1 Aprilit has coal mines out of which are open cast, are underground and 28 are mixed mines. CIL further operates 15 coal washeriesout of which 12 are for coking coal and 3 are for non-coking coal with If the dollar index strengthens toyou could have a problem on your hands.
On 1 Novembera new public-sector company Coal India Limited CIL was formed to enable better organizational and operational efficiency in coal sector.
So, if FIIs flows taper off, or even turn negative, the market could face technical pressure, he said. The Nifty rally from 11, to 11, was driven as much by FII money as much as it was by local mutual fund money.
Mukherjee expects the market to be volatile over the next few sessions. One is the non-watch slippages and two, their core business growth is anemic," he added.
Next year on 30 Januaryall the remaining non-coking coalmines of the country in private sector were also nationalized. Mukherjee is of the view that when it comes to corporate banking, private sector banks seem to have an edge over public sector banks.
So you will see traders buying the dips, and if the market fails to sustain, you could see heavy shorting at higher levels. This is something that the airline factor will have to address to be able to create sustainable wealth for investors.
On the rally in banking shares, Udayan said the general view in the market was that the worst was over for corporate-facing banks and their declared asset quality was also improving on the margin, and therefore dips in the corporate banking space should be bought.
This was to fulfill the fast growing energy requirements in the country to support rapid industrialization taking place through 5-year Plans of the Government. Else, there will be tradeable rallies and the stocks will come down," he said.
Coal India is planning to venture into Coal-to-Methanol technology at the existing Plant. Optically, the numbers might look good, but e-auction volumes falling short of expectations could cap the upside in the stock," he said. History[ edit ] Coal mining in India had primarily been a private sector enterprise.
It could develop into a bigger problem, but it is not already a big enough problem that people have to cut all their long positions and go short on the market," he said.
Thus, CIL started functioning in with 5 subsidiary companies under it. Over the last week, mutual fund buying has eased a bit, while FIIs have been buying heavily," he shared.
First Published on Aug 13, The support that the market was getting from foreign institutional investors, could diminish.See 29 recent research reports for COALINDIA, BSE Coal India Ltd. from 10 source(s) with an average target price of Access detailed information about the Coal India Ltd (COAL) Share including Price, Charts, Technical Analysis, Historical data, Coal India Reports and more.
Western Coalfields Limited (WCL) is one of the eight Subsidiary Companies of Coal India Limited (CIL) which is under administrative control of Ministry of Coal. The Company incorporated under the Companies Act, has its registered office at Coal Estate, Civil Lines, Nagpur–WCL has been conferred "Miniratna" status on 15th March' Mukherjee was of the view that movement in currencies globally needs to be monitored closely because the first sign of trouble usually manifests in.
Adani Power Ltd is India’s largest private thermal power producer with a capacity of 10, MW. Its Mundra Power Plant is world’s first coal powered power plant based on supercritical technology to get registered as a CDM Project under UNFCCC.
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