Coal India Ltd.

*Coal India Ltd.*
C&H Formation: Monthly Basis
MultiYear Price Trendline Broken (Upside)
Price / Vol. BreakOut

*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*

*Fundamentally Strong Co*
Reported Strong numbers (Q1-FY23): high domestic coal demand /continued elevated international coal prices.
Supplied 153.2mnte: Power sector (in Q1FY23), up 19.8% YoY.
E-auction volumes are expected to pick up in the coming months as power plants restock.
With Power demand >200GW, dependence on domestic coal to remain strong /e-auction premiums to remain elevated in FY23.
Ministry of Coal’s action plan for FY23: Launched Coking Coal Mission for enhancing production of coking coal from 45mnte in FY21 to 140mnte by FY30, including 105mnte from CIL.

Increasing Sales/Profitability on Yrly/Qtrly Basis.
Strong RoA/RoE/RoCE in Double Digits.
Improving TNW /Increasing Cash Reserve.
Higher +ve Ops. Cash Flow/WC Cycle.
Promoter Stake Stable. FII down/DII up.

*Concern:*
Constraints in coal distribution and evacuation infrastructure.

*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)
Chart PatternsTechnical Indicators

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