Shares in the world’s largest coal miner Coal India fell over 4 percent after brokerage CLSA downgraded it to ‘sell’ from ‘outperform’ and cut target price to 315 rupees from 350 rupees,dealers said.
The government on Wednesday directed Coal India to sign a 20-year guaranteed coal supply contract with power producers.
At 10.36 a.m.,shares were down 3.5 percent at 328.05 rupees.
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