Coal India rose 1.2% to Rs 273.55 at 14:51 IST on BSE after the company reported good production and offtake figures for July 2018.
The announcement was made during market hours today, 2 August 2018.Meanwhile, the S&P BSE Sensex was down 324.16 points, or 0.86% to 37,197.46
On the BSE, 1.91 lakh shares were traded in the counter so far, compared with average daily volumes of 2.16 lakh shares in the past two weeks. The stock had hit a high of Rs 274.90 and a low of Rs 271.50 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 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 announced the provisional production and offtake figures of the company and its subsidiaries in July 2018. Production increased 10.6% to 40.56 million tonne in July 2018 over July 2017. Offtake rose 8.9% to 48.25 million tonne in July 2018 over July 2017.
On a consolidated basis, Coal India's net profit dropped 52.36% to Rs 1295.34 crore on 15.52% growth in total income to Rs 28909.32 crore in Q4 March 2018 over Q4 March 2017.
Coal India is an organized state owned coal mining corporate and is the single largest coal producer in the world.
The government of India holds 78.32% stake in the company as on 30 June 2018.
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