E-auction premium to drive profitability! Coal India can rally 32%, says Motilal Oswal
“We maintain our e-auction premium estimate for FY23 at 231%, and we reiterate our Buy rating on the stock with a target price of Rs 275 (5x EV/EBITDA). Coal India continues to be our top pick in the mining sector. Any hike in FSA will further add to the financial performance of the company,” Motilal said.
