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This is an archive article published on February 16, 2012

Coal India down on CLSA downgrade

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

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Shares in the world8217;s largest coal miner Coal India fell over 4 percent after brokerage CLSA downgraded it to 8216;sell8217; from 8216;outperform8217; 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.

Stocks More on Coal India

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