JPMorgan maintained an overweight stance on Coal India with a target price of Rs 200.
The brokerage firm believes surging global coal prices should drive e-auction prices and earnings as well. Since the Newcastle coal prices are at an 8-year high, that should benefit Coal India prices as well.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
To watch other videos in this series, click on the Standout Brokerage Report tab below.
(Edited by: By Dipika)