Coal India shares rise as Jefferies raises target price to ₹485
after close1 source ↓written by the desknot a recommendation
- ₹485
- ₹450
- from FY26
- 9% EPS CAGR
- is nearing
- 52-week high
Brokerage firm Jefferies has lifted its target price for Coal India to ₹485 from ₹450, maintaining a ‘buy’ rating. The firm cites an improving earnings outlook and strong cash generation as key factors. Jefferies forecasts a 9% EPS CAGR from FY26 to FY28, supported by stable demand and pricing.
The stock is nearing a 52-week high, making it attractive for investors seeking steady income through high dividend payouts. A recovery in power demand and coal prices is expected to further support the stock's performance.
Not investment advice. For informational purposes only.