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Coal India share price rises 4% on February coal output

businesstoday.in General,  Company,  Production & Sales,  Cost & Profit,  International 2020-03-03 09:21:23

Coal India share price rose in early trade on March 2 the firm said its total provisional coal production in February rose 14.2% in February. Share price of Coal India rose up to 3.83% to Rs174.70 compared to the previous close of Rs168.25 on BSE.


The large cap stock opened 2.29% higher at Rs172.10. However, the stock has fallen 27.09% during the last one year and fallen 19.84% since the beginning of this year.  


Total 3.62 lakh shares changed hands amounting to turnover of Rs6.24 crore on BSE. The stock is now 3.06% away from its 52-week low of Rs165 hit on February 18, 2020.


However, the stock pared gains to end 0.71% higher at Rs169.45 on BSE. Provisional coal production rose to 66.26 million tonnes compared to 58.05 million tonnes in February 2019.


Provisional coal off-take gained 6.8% to 54.97 million tonnes in February against 51.46 million tonnes in February 2019.


(Writing by Wenxin Wu  Editing by Becky Du)
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