Coal India shares jump 5% after strong Q3 show


Shares of state-owned Coal India on Tuesday jumped 5 per cent a day after the company reported a rise in its net profit for the December quarter. On the NSE, the shares of Coal India Ltd (CIL) climbed 4.81 per cent at Rs 453.60 apiece.

On the BSE, the stock of the company rose 4.72 per cent at Rs 453.50 per piece.

In broader equity markets, the 30-share BSE Sensex advanced 417.75 points or 0.59 per cent to 71,490.24 points, while NSE Nifty rose 0.36 per cent to 21,694.20 points.

In a regulatory filing on Monday, Coal behemoth CIL reported a 16.9 per cent rise in consolidated net profit to Rs 9,069.19 crore for the December quarter.

The company’s net profit stood at Rs 7,755.55 crore in the year-ago period, the company said.

Its consolidated revenue from operations in the October-December period increased to Rs 36,153.97 crore from Rs 35,169.33 crore a year-ago, it added. CIL accounts for over 80 per cent of domestic coal production.

(You can now subscribe to our ETMarkets WhatsApp channel)

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price



Source link

leave your comment

Your email address will not be published. Required fields are marked *

Top