Coal India upgraded to buy amid strong fundamentals
after close1 source ↓written by the desknot a recommendation
- to ₹397
- 40.2% decline in PBT
- to ₹435
- 30.8% drop in PAT
Coal India has been upgraded to a buy rating based on its strong fundamentals and quality metrics. The company maintains an impressive ROE of 39.06% and a debt-to-equity ratio of zero. However, recent quarterly results show a 40.2% decline in PBT to ₹397,412 cr and a 30.8% drop in PAT to ₹435,428 cr, indicating challenges ahead.
Not investment advice. For informational purposes only.