Coal India .'s Stock Sees Decline, But Long-Term Performance Remains Positive

Coal India ., one of the largest mining and minerals companies in India, has been making headlines recently with its stock performance. On September 4th, 2024, the company's stock saw a decline of -3.23%, underperforming the sector by -0.74%. This marks the fourth consecutive day of losses for Coal India ., with a total decline of -4.5% in that period.

Despite this recent dip, Coal India .'s stock is still performing well in the long term. It is currently trading higher than its 100-day and 200-day moving averages, indicating a positive trend. However, it is currently lower than its 5-day, 20-day, and 50-day moving averages.

In comparison to the overall sector of mining and minerals, Coal India .'s stock has fallen by -2.05%. This could be attributed to various factors such as market conditions and company-specific news.

Investors looking for a good dividend yield may find Coal India .'s stock appealing, as it currently offers a high dividend yield of 4.93% at its current price.

While the recent performance of Coal India .'s stock may be a cause for concern, it is important to note that the company's long-term performance has been positive. MarketsMOJO has given a 'Buy' call for the stock, indicating that it may be a good investment opportunity for those looking for long-term growth. With a strong presence in the mining and minerals industry, Coal India . remains a key player in the Indian market.