Coal India Ltd. Stock Declines by -3.28% Amidst Industry-Wide Downtrend

Nov 05 2024 09:30 AM IST
share
Share Via
Coal India Ltd., the largest coal mining company in India, saw a -3.28% decline in its stock price on November 5th, 2024, in line with the overall trend in the mining and minerals industry. According to MarketsMojo, the current stock call for Coal India Ltd. is 'Hold', based on recent performance and market conditions. The stock has been on a downward trend for the past two days and is currently trading below its moving averages. Despite this, it offers a high dividend yield of 5.77%, making it an attractive option for investors. However, past performance does not guarantee future results, and investors are advised to closely monitor the company's performance and market conditions before making any investment decisions.

Coal India Ltd., the largest coal mining company in India, has seen a decline in its stock price by -3.28% on November 5th, 2024. This underperformance is in line with the overall trend in the mining and minerals industry, as the sector saw a decline of -1.09% on the same day.

According to MarketsMOJO, a leading financial analysis platform, the current stock call for Coal India Ltd. is 'Hold'. This is based on the company's recent performance and market conditions.

The stock has been on a downward trend for the past two days, with a consecutive fall of -5.46% during this period. It also opened with a gap down of -3.09% today and touched an intraday low of Rs 427.1, showing high volatility with an intraday range of 84.11%.

Coal India Ltd. is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment in the market.

Despite the recent decline in stock price, Coal India Ltd. offers a high dividend yield of 5.77% at the current price, making it an attractive option for investors looking for steady returns.

In comparison to the overall market performance, Coal India Ltd. has underperformed the Sensex by -0.07% in the past day and -3.62% in the past month. However, it is important to note that past performance does not guarantee future results.

Overall, Coal India Ltd. remains a strong player in the mining and minerals industry, with its largecap size and dominant position in the Indian market. Investors are advised to keep a close eye on the company's performance and market conditions before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
Why is Odigma Consultan falling/rising?
3 hours ago
share
Share Via
Why is Premium Plast falling/rising?
3 hours ago
share
Share Via
Why is Afcons Infrastr. falling/rising?
3 hours ago
share
Share Via
Why is Bikewo Green falling/rising?
3 hours ago
share
Share Via
Why is Quest Laborato. falling/rising?
3 hours ago
share
Share Via
Why is Kataria Indust. falling/rising?
3 hours ago
share
Share Via
Why is Vishwas Agri falling/rising?
3 hours ago
share
Share Via