On 29-10-2024, Coal India’s stock exhibited modest movement, appreciating by 0.25%. The stock opened the trading session at ₹444.95 but closed slightly lower at ₹442.75. During the day, the share price reached a high of ₹446.15 and dipped to a low of ₹438.90. As of 1 PM, the trading price was ₹442.75, reflecting a nuanced narrative of investor sentiment.
| Table of Contents |
|---|
| Technical Analysis |
| Fundamental Analysis |
| Shareholding Pattern |
| Market Performance & Comparison |
| Conclusion |
| Call to Action |
| FAQ |
Technical Analysis
From a technical analysis perspective, Coal India is trading below both short-term and long-term simple moving averages (SMA). The current SMA values indicate a bearish trend:
| Duration | SMA Value (₹) |
|---|---|
| 5-day SMA | 473.31 |
| 10-day SMA | 483.68 |
| 20-day SMA | 490.58 |
| 50-day SMA | 501.40 |
| 100-day SMA | 497.28 |
| 300-day SMA | 467.38 |
Classic pivot level analysis shows key resistance levels at ₹455.63, ₹467.32, and ₹477.53, while the support levels are noted at ₹433.73, ₹423.52, and ₹411.83 on a daily time frame.
Fundamental Analysis
From a fundamental perspective, several key performance indicators are noteworthy:
- Return on Equity (ROE): 52.10%
- Return on Assets (ROA): 16.24%
- Price-to-Earnings (P/E) ratio: 6.82
- Price-to-Book (P/B) ratio: 2.83
- Median 1-year forecasted upside: 19.93% with a target price set at ₹531.00.
Shareholding Pattern
The shareholding structure as of the September quarter shows notable figures:
| Type of Holding | Percentage |
|---|---|
| Promoter Holding | 0.00% |
| Mutual Fund Holding | 11.17% |
| Foreign Institutional Investor Holding | 9.16% |
Comparing the holding patterns from the June quarter, mutual fund holding dropped from 11.52% to 11.17%, while foreign institutional investor holding increased from 8.39% to 9.16%.
Market Performance & Comparison
The stock experienced lower trading volume on both the NSE and BSE, suggesting a potential downtrend. On the same day, Coal India’s stock was up only 0.25%, while its peers exhibited mixed performance. The Nifty index declined by -0.15%, and the Sensex remained flat.
Conclusion
In summary, Coal India’s stock on 29-10-2024 displayed a cautious atmosphere with moderate movements, underscored by bearish technical indicators and sustainable fundamental metrics. The mixed market performance alongside shift trends in shareholding patterns signals a complex landscape for investors.
Call to Action
For those looking to navigate the intricate world of stock trading and investment in companies like Coal India, staying updated is crucial. For comprehensive financial news and market updates, you can explore Livemint.
FAQ
What are the key resistance and support levels for Coal India’s stock?
The key resistance levels are ₹455.63, ₹467.32, and ₹477.53, and the support levels are ₹433.73, ₹423.52, and ₹411.83.
How does Coal India’s P/E ratio compare to its peers?
Coal India has a P/E ratio of 6.82, which typically indicates undervaluation compared to higher P/E peers.
What is the significance of the 1-year forecast for Coal India’s stock?
The median 1-year forecast indicates a potential upside of 19.93% with a target price of ₹531.00, suggesting favorable long-term investment prospects.
