Can Coal India shares fall further after latest announcement? Citi and JPMorgan answer
Shares of Coal IndiaLtd. are trading lower on Monday, April 13, after brokerages flagged concerns over rising input costs and pricing decisions. Citi has a ‘Neutral’ rating on the stock with a price target of ₹430 per share. The brokerage said that Coal India has chosen to absorb higher costs arising from the West Asia…
