JP Morgan upgrades Coal India to 8216;neutral8217;

J.P.Morgan upgrades Coal India Ltd to 8220;neutral8221; from 8220;underweight8221;,saying the drop in the share price this year is making the risk reward 8220;relatively more attractive.8221;

The investment bank expects Coal India to pay out a dividend at 45 percent and sees a likely increase in power coal sale prices.

The government8217;s planned stake sale would be an opportunity to add the stock,J.P. Morgan adds.

Coal India shares gain 0.7 percent,after falling 16.4 percent this year,underperforming a 3.6 percent fall in the broader NSE index this year.