Coal India lost 1% to Rs 301.45 at 14:14 IST on BSE, with the stock sliding on profit booking after a recent rally.
Meanwhile, the S&P BSE Sensex was up 54.27 points or 0.22% at 24,540.22.
On BSE, so far 1.03 lakh shares were traded in the counter as against average daily volume of 2.14 lakh shares in the past one quarter. The stock hit a high of Rs 307 and a low of Rs 298.15 so far during the day. The stock had hit a 52-week low of Rs 286.90 on 21 January 2016. The stock had hit a record high of Rs 447.25 on 5 August 2015. The stock had underperformed the market over the past one month till 25 January 2016, sliding 5.55% compared with Sensex's 5.24% fall. The scrip had, however, outperformed the market in past one quarter, declining 10.81% as against Sensex's 10.87% fall.
The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.
Shares of Coal India had surged 5.61% in two trading sessions to settle at Rs 304.50 on Monday, 25 January 2016, from a recent low of Rs 288.30 on 21 January 2016. The stock market was shut on Tuesday, 26 January 2016 for Republic Day Holiday.
Meanwhile, the government has reportedly asked Coal India to ensure that it meets the target of 550 million tonnes of coal production for the current financial year (FY 2016).
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Coal India's consolidated net profit rose 16% to Rs 2543.80 crore on 8.2% rise in net sales to Rs 16957.59 crore in Q2 September 2015 over Q2 September 2014.
Coal India is an organized state-owned coal mining corporate. The Government of India held 79.65% stake in Coal India (as per the shareholding pattern as on 30 September 2015).
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