Shares of Coal India dropped 3% on Thursday after a report said that the central government is planning to sell a 3-4% stake in the PSU company for nearly Rs 10,000 crore via the offer for sale (OFS) route.

The government is expected to offer the shares at an attractive discount to the current market price, CNBC-TV18 reported citing sources. Coal India or the Department of Investment and Public Asset Management (DIPAM) are yet to confirm or deny any such development.

The Economic Times could not independently verify the report.

Coal India shareholding pattern

Notably, the government is Coal India’s largest shareholder, holding more than 63% stake in the PSU company as of March 31, 2026. Among public shareholders, mutual funds and alternate investment funds held a 9.5% stake, while insurance companies including Life Insurance Corporation (LIC) held around 12% stake at the end of the financial year 2026. LIC itself held more than 11% stake in Coal India, making it one of the biggest institutional shareholders.

Foreign investors meanwhile held more than 8% stake in Coal India. Over 25 lakh retail investors jointly owned around 4% stake in the company.

Coal India share price

Coal India shares dropped 3% to trade at Rs 456.1 apiece on NSE during the afternoon trading hours of Thursday. The stock has declined around 5% in one week and nearly 1% in one month. However, the company’s shares are up over 14% so far in 2026 and 20% in one year.

The company currently has a market capitalisation of more than Rs 2.82 lakh crore.

Coal India Q4 Results

Earlier last week, Coal India reported a 12% year-on-year (YoY) surge in net profit to Rs 10,908 crore for the January-March quarter of FY26, while revenue from operations rose 6% YoY to Rs 46,490 crore. EBITDA grew 12% to Rs 17,917 crore, while margins improved to 39% from 36% in the corresponding period last year, indicating stronger operating leverage.Also read: RBI clears Kotak Mahindra Bank to buy up to 9.99% in Federal Bank

Revenue growth was mainly driven by higher realisations, even as sales volumes remained largely unchanged. Average realisation per tonne rose 6% YoY to Rs 2,290, while total sales volume slipped around 1% to 198.83 million tonnes.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares of Central Mine Planning & Design Institute (CMPDI), a subsidiary of Coal India, could be poised for near-term upside, according to analysts, as the stock made a subdued market debut on Monday. The shares listed at a discount of around 7% to their issue price amid weak investor participation and cautious market sentiment.

The listing performance came after the IPO saw only modest traction, closing with an overall subscription of 1.05 times.

Gaurav Garg, Research Analyst at Lemonn Markets Desk, said CMPDI’s weak debut reflects broader caution in the market.

He noted that the stock listed at a discount of around 5-7% despite marginal grey market expectations, pointing to subdued retail participation and only modest subscription levels.

While the stock saw a slight recovery after listing, Garg said the lack of strong demand suggests limited near-term upside. He added that investors may consider using any short-term bounce to exit, while fresh entries should be approached cautiously, with a wait-and-watch approach for price stability and signs of institutional accumulation.

The listing underscores the current trend in primary markets, where even fundamentally strong companies are seeing tempered debut performances amid selective investor appetite and tighter liquidity conditions.

Demand for the Rs 1,842 crore offer for sale was largely driven by institutional investors, with Qualified Institutional Buyers subscribing 3.48 times their quota. In contrast, retail participation remained muted at just 33%, indicating limited broader investor interest.CMPDI operates as a mining consultancy firm, providing services across coal and mineral exploration, mine planning, environmental management and geomatics. The company holds an estimated 61% market share in the coal and mineral consultancy segment in India and works closely with its parent, Coal India.

Financially, the company has delivered strong performance, reporting revenue of Rs 2,178 crore and net profit of Rs 667 crore in FY25, with EBITDA margins exceeding 42%. At the upper price band, the IPO was valued at around 18-21 times earnings, which was considered reasonable given its profitability and asset-light model.

However, the company’s heavy dependence on Coal India and the coal sector continues to be a key overhang, raising concerns around concentration risk and long-term sector dynamics.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Nifty settled at 22,819.60, falling by 486.85 points or 2.09% while the BSE Sensex closed at 73,583.22 on Friday, declining 1,690.23 points or 2.25% amid high volatility as markets were mainly dragged by financials, auto and consumer stocks. Indian frontline indices ended their two-session rally amid sharp cuts as a failure in the Iran-US negotiations dented the market mood. Elevated energy prices and a plunging rupee aggravated troubles for domestic investors.

When markets resume trading today, TVS Motor Company, Info Edge, NTPC, NHPC, Coal India, Sammaan Capital, Som Distilleries & Breweries will be in focus due to various related developments.

TVS Motor Company, Info Edge, NTPC, NHPC, Coal India, Sammaan Capital, Som Distilleries & Breweries
TVS Motor Company
TVS Motor Company has launched the Apache RTR 310 in Morocco, expanding its presence in Africa’s premium motorcycle segment. The track-inspired streetfighter brings performance, advanced technology and strong global appeal, building on the Apache brand’s success across multiple international markets.
Info Edge
Info Edge (India) Ltd will invest up to Rs 250 crore in an alternative investment fund (AIF) to back early-stage deep-tech companies in the country. According to a regulatory filing, the company has entered into a contribution agreement with A88 Fund I, a scheme by SEBI-registered A88 Trust. The objectives of the Scheme (A88 Fund I) will be to generate long-term growth for the contributors and support the Indian entrepreneurial ecosystem by investing in early-stage deep tech companies in India (or primarily focused in India).

NTPC
NTPC said its subsidiary NTPC Green Energy Ltd has declared commercial operations (COD) for additional solar capacities—75 MW at the 500 MW Bhadla project in Rajasthan and 105 MW at the 1,200 MW Khavda-II project in Gujarat. Following this, the NTPC group’s total installed capacity has reached 88,889 MW, with commercial capacity at 87,809 MW.

NHPC
NHPC said its subsidiary NHDC Limited has received an income tax demand notice of Rs 231.78 crore, including Rs 45.31 crore in interest, from the Income Tax Department. Separately, NHPC has increased its stake in Ratle Hydroelectric Power Corporation Ltd to 51% from 49.72% following additional equity infusion, making it a majority-owned subsidiary.
Sammaan Capital
The company said that it has received all regulatory approvals for Avenir Investment RSC Ltd’s proposed acquisition of a controlling stake in Sammaan Capital Ltd. The investor, backed by International Holding Company PJSC, plans to invest about Rs 8,850 crore via a preferential issue. Post-issue, it will hold around 41.2% stake, which could rise to 63.3% after the open offer. The company and investor are now working to complete the transaction at the earliest.

Ahead of this, Moody’s upgraded the company’s credit rating to B1 from B2 with a positive outlook, citing improved asset quality, stronger capital position, and better funding access. The company expects further rating upgrades after the deal is completed and IHC comes in as promoter.

Coal India
Coal India Limited has received a Letter of Award (LOA) from Telangana Power Generation Corporation Limited for Setting up of 750 MWh (187.5 MW for 4 hours) BESS Plant at Choutuppal. The time period by which the order(s)/contract(s) is to be executed is 18 months from signing of BESPA. The estimated project cost is Rs 1,057.09 crore.

Som Distilleries & Breweries
The company said there is no change in the status of its licence suspension since February 5 and it is working to resolve the issue. While a Single Bench of the Madhya Pradesh High Court did not grant relief, a Double Bench has allowed its associate company to participate in the country liquor tender process. The final court order is awaited.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Coal India Limited’s board on Monday gave an in-principle approval to divest up to 35% stake in its subsidiary South Eastern Coalfields Limited (SECL). The board also approved up to a 25% stake sale in another wholly-owned subsidiary Mahanadi Coalfields Limited (MCL).

In a meeting held today, the board approved the divestment of up to 25% of equity shares held by CIL in SECL through an Offer for Sale (OFS), along with the issuance of fresh equity shares aggregating up to 10% of the post-issue paid-up equity share capital, in one or more tranches, through an Initial Public Offer (IPO) or through other permissible market routes.

The board of CIL also approved the divestment of a 25% stake in MCL via OFS in one or more tranches through an IPO or other permissible market routes in the domestic market.

The board had already approved their listing on the exchanges through separate circular resolutions of December 23, 2025.

The company said that it will communicate about its decision to the Ministry of Coal (MoC) for onward submission to DIPAM. The proposed listings will remain subject to the receipt of regulatory approvals.

SECL is amongst the highest coal producing subsidiary company of Coal India and its coal mines are spread across Chhattisgarh and Madhya Pradesh.

SECL operates 60 coal mines, of which 35 coal mines lies in Chhattisgarh State, while rest 25 coal mines are situated in Madhya Pradesh state. And of these 60 no of coal mines, 40 mines are worked by underground method of mining while rest 20 no of mines are opencast mines.Meanwhile, Mahanadi Coalfields is Miniratna company carved out of South Eastern Coalfields Limited in 1992 with its headquarters at Sambalpur.

Coal India shares today ended nearly 3% lower on the NSE at Rs 455.25.

The Nifty stock has outperformed its benchmark with returns of 12% over a 1-year period compared to approximately 4% fall in the heartbeat index.

Coal India shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 434 and Rs 399, respectively, according to Trendlyne data.

The state-owned company reported a 16% year-on-year (YoY) decline in its consolidated net profit at Rs 7,166 crore in the third quarter. The company has declared third interim dividend at Rs 5.5 per share for the financial year 2026. Revenue from operations in the December quarter fell 5% YoY to Rs 34,924 crore. This compares with Rs 36,858 crore in the last year quarter.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

India’s National Stock ‍Exchange (NSE) on Friday approved the creation of a unit ⁠to run a proposed national coal trading exchange.

Last year, India announced plans to establish a ‌coal trading ‌platform to buy and sell domestically produced coal amid ‌surging output.

NSE will hold at least a 60% stake in the coal exchange, with the remaining 40% to be potentially allocated to other shareholders, the exchange operator said in a filing.

“The platform ‌will enable ‍electronic trading of physical coal ‍through standardised contracts and facilitate physical ‌delivery and, in future, derivative products, subject to regulatory approval,” NSE said.

The exchange operator said the lack of a unified trading platform has resulted in price inefficiencies, limited access for smaller ‍participants and the absence of a reliable spot benchmark.

State-owned Coal India ‍currently accounts ⁠for about ⁠three-quarters of the more than 1 billion tonnes of coal mined in India, the world’s second-largest coal market after China.

NSE said it will submit a licence application to the Coal Controller Organisation of India for the proposed exchange.

The Indian market is likely to trade lower on Friday, tracking muted global cues.

The Nifty futures closed positively with gains of 0.80%, at 22,620 levels on Thursday.

On the options front, the maximum Call OI is placed at the 23,000 strike, followed by the 22,500 strike, while the maximum Put OI is placed at the 22,500 strike, followed by the 22,000 strike.

Call writing is seen at the 22,500 strike, followed by the 22,800 strike, while Put writing is seen at the 22,500 strike, followed by the 22,400 strike.

“Options data suggests a broader trading range between 22,000 and 23,000 zones, with an immediate range between 22,300 and 22,700 levels,” said Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.

“Nifty formed a small-bodied bullish candle on the daily chart with a longer lower shadow, indicating that support-based buying remains intact for short-term recovery,” he added.“Now, the Nifty needs to hold above the 22,450 zones for an upward move towards 22,700, then 22,900 zones, while support has shifted higher to 22,400, then 22,250 zones,” recommended Taparia.

We have collated stock recommendations from various experts for traders with a short-term trading horizon:

Expert: Pritesh Mehta, Lead Technical Analyst at YES Securities, told ETBureau:

Jindal Steel: Buy | Target Rs 990 | Stop Loss Rs 880

Axis Bank: Buy | Target Rs 1,110 | Stop Loss Rs 1,005

Tata Steel: Buy | Target Rs 5,050 | Stop Loss Rs 4,670

Expert: Kunal Bothra, Market Expert, told ETNow:

D-Mart: Buy | Target Rs 3,750 | Stop Loss Rs 3,400

Axis Bank: Buy | Target Rs 1,075 | Stop Loss Rs 1,014

Nykaa: Buy | Target Rs 176 | Stop Loss Rs 163

Expert: Nooresh Merani, Independent Technical Analyst, told ETNow:

Axis Bank: Buy | Target Rs 1,100 | Stop Loss Rs 1,020

Coal India: Buy | Target Rs 420 | Stop Loss Rs 375

GMR Airport: Buy | Target Rs 85 | Stop Loss Rs 72

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

IRFC Share Price 157.7 06:59 PM | 1 Nov 2024 1.74(1.12%) Suzlon Energy Share Price 68.21 06:59 PM | 1 Nov 2024 1.26(1.89%) IREDA Share Price 211.89 06:59 PM | 1 Nov 2024 1.85(0.89%) Tata Motors Share Price 842.6 06:59 PM | 1 Nov 2024 8.56(1.03%) YES Bank Share Price 20.75 06:59 PM | 1 Nov 2024 0.36(1.72%) HDFC Bank Share Price 1737.65 06:59 PM | 1 Nov 2024 1.96(0.12%) NHPC Share Price 84.2 06:59 PM | 1 Nov 2024 1.61(1.94%) RVNL Share Price 470.0 06:59 PM | 1 Nov 2024 -1.81(-0.39%) SBI Share Price 822.0 06:59 PM | 1 Nov 2024 1.8(0.22%) Tata Power Share Price 444.9 06:59 PM | 1 Nov 2024 4.85(1.11%) Tata Steel Share Price 149.7 06:59 PM | 1 Nov 2024 1.14(0.77%) Adani Power Share Price 596.5 06:59 PM | 1 Nov 2024 3.8(0.65%) PayTM Share Price 758.15 06:59 PM | 1 Nov 2024 -0.75(-0.1%) PNB Share Price 101.1 06:59 PM | 1 Nov 2024 3.2(3.27%) Zomato Share Price 249.76 06:59 PM | 1 Nov 2024 8.01(3.32%) BEL Share Price 288.6 06:59 PM | 1 Nov 2024 3.71(1.3%) BHEL Share Price 241.89 06:59 PM | 1 Nov 2024 2.89(1.21%) Infosys Share Price 1757.8 06:59 PM | 1 Nov 2024 0.55(0.04%) IRCTC Share Price 833.8 06:59 PM | 1 Nov 2024 12.5(1.53%) ITC Share Price 489.95 06:59 PM | 1 Nov 2024 1.15(0.24%) Jio Financial Services Share Price 326.45 06:59 PM | 1 Nov 2024 4.15(1.29%) LIC Share Price 930.8 06:59 PM | 1 Nov 2024 7.75(0.84%) RIL Share Price 1338.25 06:59 PM | 1 Nov 2024 6.21(0.47%) HAL Share Price 4286.0 06:59 PM | 1 Nov 2024 39.31(0.93%) JP Power Share Price 18.42 06:59 PM | 1 Nov 2024 0.23(1.21%) NBCC Share Price 99.98 06:59 PM | 1 Nov 2024 2.8(2.88%) TCS Share Price 3986.1 06:59 PM | 1 Nov 2024 17.66(0.45%) Vedanta Share Price 468.35 06:59 PM | 1 Nov 2024 4.31(0.93%) Wipro Share Price 551.35 06:59 PM | 1 Nov 2024 -0.45(-0.09%) Indian Oil Corp. Share Price 145.47 06:59 PM | 1 Nov 2024 2.85(2.0%) Ircon Intl. Share Price 219.7 06:59 PM | 1 Nov 2024 2.07(0.95%) SAIL Share Price 118.28 06:59 PM | 1 Nov 2024 2.54(2.19%) SJVN Share Price 115.09 06:59 PM | 1 Nov 2024 1.77(1.56%) GAIL Share Price 200.32 06:59 PM | 1 Nov 2024 0.33(0.17%) HUDCO Share Price 218.65 06:59 PM | 1 Nov 2024 1.43(0.66%) REC Share Price 526.8 06:59 PM | 1 Nov 2024 4.2(0.81%) Reliance Power Share Price 42.72 06:59 PM | 1 Nov 2024 -0.01(-0.03%) Tata Technologies Share Price 1029.95 06:59 PM | 1 Nov 2024 23.66(2.36%) Vodafone Idea Share Price 8.42 06:59 PM | 1 Nov 2024 0.31(3.7%) Adani Ent. Share Price 2942.9 06:59 PM | 1 Nov 2024 -4.35(-0.15%) Adani Green Share Price 1633.1 06:59 PM | 1 Nov 2024 34.8(2.18%) Adani Ports SEZ Share Price 1394.0 06:59 PM | 1 Nov 2024 18.05(1.32%) Ashok Leyland Share Price 210.1 06:59 PM | 1 Nov 2024 1.92(0.93%) Bank of Baroda Share Price 253.5 06:59 PM | 1 Nov 2024 2.54(1.02%) BSE Share Price 4450.1 06:59 PM | 1 Nov 2024 -15.5(-0.35%) Canara Bank Share Price 103.95 06:59 PM | 1 Nov 2024 1.3(1.27%) CDSL Share Price 1554.95 06:59 PM | 1 Nov 2024 9.16(0.6%) Coal India Ltd Share Price 454.75 06:59 PM | 1 Nov 2024 2.7(0.6%) HFCL Share Price 121.7 06:59 PM | 1 Nov 2024 0.02(0.01%) IDFC First Bank Share Price 67.31 06:59 PM | 1 Nov 2024 1.38(2.1%) Load more..

State-owned Coal India on Wednesday reported 4% year-on-year growth in its consolidated net profit to Rs 10,959 crore for the quarter ended June 2024. The profit is higher than the ET Now poll estimates of Rs 7,801 crore.

Revenue from operations during the April-June 2024 period was up marginally to Rs 36,465 crore. The same stood at Rs 35,983 crore in the corresponding period of last year.

More to come….

Brokerage firm JPMorgan maintained an overweight rating on ITC as well as on Godrej Consumer Products. Jefferies has a buy rating on Coal India and CLSA recommended a buy on L&T.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

JPMorgan on ITC: Overweight| Target Rs 490

JPMorgan maintained an overweight rating on ITC with a target price of Rs 490. Clearing of BAT stake sale overhang to reverse recent underperformance. Cigarettes growth is likely to trend higher from Q3 lows.

Good execution is driving share gain-led growth. In the non-FMCG business, hotels shine and the paper segment might show improvement from FY25.

JPMorgan on Godrej Consumer: Overweight| Target Rs 1300

JPMorgan maintained an overweight rating on Godrej Consumer with a target price of Rs 1300. The stock is ticking all the right boxes. There is a lot to be excited about India business.Even as valuations have trended up, the potential for higher growth (vs peers) may support stock performance.

Jefferies on Coal India: Buy| Target Rs 520

Jefferies maintained a buy rating on Coal India with a target price of Rs 520. Global investment believes that the recent 13% decline offers a good buying opportunity.Volume growth trajectory has improved to feed India’s rising power demand. The big fall in e-auction prices seems largely behind.

The stock is trading at a steep 57% discount to Nifty-50 PE vs just 16% average discount over 2011-18.

CLSA on L&T: Buy| Target Rs 4260

CLSA maintained a buy rating on L&T with a target price of Rs 4260. L&T’s number one customer guides for capex hike and non-fossil capex.

L&T has an improving outlook, with its $75bn pipeline up 29% YoY in Q4. Global Investment Bank believes that its margin will improve from Q4 on lower legacy orders in its backlog.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)