Coal India Share Price: Brokerages, Morgan Stanley and Citi have reviewed the Maharatna stock – Coal India Limited (CIL). They have shared their latest review on it along with the target price. Before we head towards what the brokerages said about the Maharatna stock. Let’s quickly learn about the company.
Coal India Limited (CIL) is a state-owned Maharatna company under the Ministry of Coal, Government of India, established in 1975. It is the world’s largest coal producer, contributing over 80 per cent of India’s total domestic coal production, operating through subsidiaries across eight states with headquarters in Kolkata.
Morgan Stanley has maintained an “Equal-weight” rating on Coal India with a target price of Rs 410, following a quarterly performance that came in ahead of expectations on key profitability metrics.
