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Coal India stock down 21% from one-year peak; Here's why!

Coal India shares are down 21% from their 52-week high of rupees 263.30.

Motilal Oswal Financial Services has maintained a ‘buy’ call on Coal India stock with a target price of rupees 275, implying a 32% upside.

The brokerage firm believes Coal India is well-placed to capitalise on the growth opportunity ahead due to robust domestic demand and an enhanced vision of 1bt production.

Coal India's growth roadmap is in synergy with the government’s commitment to bring about a transformative change in the power sector.

The company is investing heavily in land acquisitions, coal evacuation initiatives, rail infrastructure, contract finalisations, mining fleet, and digitalisation.

Strong domestic demand is also a major positive factor as Coal India is the largest supplier of thermal coal to power sectors.

Coal India is diversifying and expanding to other verticals under the ‘Coal to Chemicals’ business strategy.

The stock is trading at 3.6 times EV/EBITDA and 1.8 times P/B.

21 analysts on an average have a ‘buy’ call on the stock.

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The brokerage firm believes Coal India’s long-term demand commitment from numerous power plant companies for FSA provides the company with better business visibility.

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Coal India stock down 21% from one-year peak; Here's why!

The brokerage firm believes Coal India’s long-term demand commitment from numerous power plant companies for FSA provides the company with better business visibility.

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