ADVERTISEMENT
Five Reasons Why You Shouldn't Buy Coal India Dips: JPMorgan
JPMorgan cut Coal India's target price, citing weak pricing and demand outlook.
25 Feb 2025, 08:56 AM IST 
JPMorgan does not see any immediate catalysts to trigger a reversal in coal prices. (Image source: Unsplash)
JPMorgan maintained a 'neutral' rating on Coal India Ltd. after it lowered the target price to Rs 395 from Rs 430. The brokerage citied multiple headwinds to earnings growth. It is still early to bottom fish, it said.The brokerage mentioned headwinds from softening international thermal coal prices due to oversupply and weak power demand growth in India since August 2024, leading to muted production volume growth. This is also paired...
