Coal India down on CLSA downgrade

Shares in the world's largest coal miner Coal India fell over 4 per cent.

Written by Agencies | Published:February 16, 2012 12:06 pm

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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