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Coal India: ICICI Securities Maintains 'Buy' On The Stock, Revises Target Price, Sees 22% Upside — Here's Why
ICICI Securities maintains Buy with a revised target price of Rs 440 (earlier Rs 455) on an unchanged 7.5x FY27E earnings per share.
05 Mar 2025, 10:50 AM IST 
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Coal India Ltd.’s FY25 performance to be impacted by possibly stagnant volumes, though e-auction price remains relatively stable.
(Photo Source: pexels-pixabay)
Despite soft volume growth estimated in FY26, the brokerage expects the additional levy at Northern Coalfields to mitigate the financial impact to a large extent. Taking cognizance of lower-than expected Feb’25–YTD volumes, we lower our volume growth estimate for FY25/FY26 to 1%/4% (earlier 3%/5%).
