No doubt it will cross 600 within next quarter. Reasons below:
1. Monsoon is over. Rain causes low production.
2. Winter is highest production season for coal.
3. Latest news of foreign investment and strike recall.
Reposted about 583 days 3 hrs 31 min 28 sec ago by kuldeepvk
He is one of those stupid guy who floats with the other so called market analysts where as the fact is they are of no use. One don\\\\`t know of tomorrow and he talks of near future. Was anybody able to predict this fall. Anyway, no grouse, since he get his salary and he has to say something no matter right or absurd.
Fundamentals of coal india do not support the price of Rs.400. Book price/book value ratio is 11 which is very high. It will fall like REC & PFC. Better to convert from coal India to PFC
It does not requrie any technical reason for high beta stocks to Go uuupppp or dowwnnnn. Anyways its just matter of few months where Udyan sir will say accumalate CIL at current price of 435 for target of 500 :)
He is one of those stupid guy who floats with the other so called market analysts where as the fact is they are of no use. One don\\\\`t know of tomorrow and he talks of near future. Was anybody able to predict this fall. Anyway, no grouse, since he get his salary and he has to say something no matter right or absurd.