Coal India downgraded to buy amid valuation concerns
after close1 source ↓written by the desknot a recommendation
- of PBT
- 35.06%
Coal India has been downgraded to buy due to flat financials and valuation concerns. The company's ROCE has declined to 32.39%, indicating reduced capital efficiency, while non-operating income now makes up 35.06% of PBT, raising sustainability questions. This cautious outlook may impact investor sentiment.
Not investment advice. For informational purposes only.