Coal India rose 0.87% to Rs 266.35 at 09:38 IST on BSE after consolidated net profit jumped 732.73% to Rs 3084.70 crore on 26.28% rise in total income to Rs 24209.33 crore in Q2 September 2018 over Q2 September 2017.
The result was announced after market hours yesterday, 12 November 2018.Meanwhile, the S&P BSE Sensex was up 44.99 points, or 0.13% to 34,857.98
On the BSE, 1.20 lakh shares were traded in the counter so far, compared with average daily volumes of 5.82 lakh shares in the past two weeks. The stock had hit a high of Rs 269.55 and a low of Rs 264.55 so far during the day. The stock had hit a 52-week high of Rs 316.55 on 27 February 2018. The stock had hit a record low of Rs 256 on 28 June 2018.
On a consolidated basis, Coal India's production of coal rose to 256.47 million tonne in Q2 September 2018 from 231.88 million tonne in Q2 September 2017. Offtake of raw coal rose to 290.80 million tonne from 269 million tonne.
Coal India is an organized state owned coal mining corporate and is the single largest coal producer in the world.
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