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Coal India shares gain 4% as August coal supplies rise 5.5% YoY: Buy, Sell or Hold?
Coal India shares rose on Wednesday after the state-run miner reported a 5.5% YoY rise in August coal supplies. Strong April-August volumes, lower pithead inventories and improving e-auction premiums lifted sentiment. Nuvama upgraded the stock to Hold and raised its target price to Rs 454, citing recovery potential.
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thehindubusinessline.com
Coal India production falls 5.7% in August, coal supplies rise 5.5%
Coal India production fell 5.7% in August, while supplies rose 5.5%, impacting electricity generation in India.
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economictimes.indiatimes.com
Coal India’s supplies rise 5.5% in August despite output dip
Coal India's supplies increased by 5.5 percent to 60.60 million tonnes in August. Non-regulated sector supplies saw robust growth of 9.6 percent during the same period. Total…
