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Coal India drops after weak Q2 outcome

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Capital Market

Coal India lost 3.41% to Rs 274.95 at 09:46 IST on BSE after consolidated net profit dropped 39.77% to Rs 368.88 crore on 6.43% rise in total income to Rs 18759.01 crore in Q2 September 2017 over Q2 September 2016.

The result was announced on Saturday, 11 November 2017.

Meanwhile, the S&P BSE Sensex was down 15.26 points or 0.05% at 33,299.30.

On the BSE, 1.01 lakh shares were traded on the counter so far as against average daily volumes of 5.30 lakh shares in the past one quarter. The stock had hit a high of Rs 279.90 and a low of Rs 274.35 so far during the day. The stock had hit a 52-week high of Rs 337.30 on 10 November 2016 and a record low of Rs 234 on 11 August 2017.

 

The large-cap company has equity capital of Rs 6207.41 crore. Face value per share is Rs 10.

Coal India's coal production of the company and its subsidiary companies rose to 231.88 million tonnes in Q2 September 2017 from 230.04 million tonnes in Q2 September 2016. Offtake (raw coal) rose to 269 million tonnes in Q2 September 2017 from 249.11 million tonnes in Q2 September 2016.

Coal India is an organized state-owned coal mining corporate.

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First Published: Nov 13 2017 | 9:55 AM IST

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