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Coal India shares gain; HSBC upgrades to "overweight"

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Reuters
Last Updated : Oct 13 2014 | 2:06 PM IST

Reuters Market Eye - Shares in Coal India Ltd gain 2.1 percent.

HSBC upgrades the stock to "overweight" from "neutral", says Coal India to be main beneficiary of India's increased focus on domestic coal production.

Temporary ownership of cancelled coal blocks also a positive, HSBC says.

(Reporting by Indulal PM)

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First Published: Oct 13 2014 | 1:58 PM IST

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