/ Coal India Slips To 3-Year Low On Not-So-Good Q4 Numbers ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 30 May 2017

Coal India, a state-owned mining company on Tuesday slipped to its 3-year low after the company posted a 38.24% drop in its consolidated net profit at Rs 2,716.09 crore for the fourth quarter of 2017.

The stock tanked to Rs 259.5 per share, down as much as 2.9% touching its biggest intraday loss since March 2014.

The stock on the NSE has delivered negative returns of 10% in a period of one year and has underperformed the BSE Sensex and BSE Metal indices over the same time span.

Coal India Limited (CIL) is engaged in the production and sale of coal. The company offers products, including coking Coal, semi coking coal, non-coking coal, washed and beneficiated coal, middlings, rejects, coal fines/coke fines, and tar/heavy oil/light oil/soft pitch.

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