Coal India‘s IPO price of Rs. 225-245 results in a PE of 15. After the 5% discount and deducting the cash in Coal India, the PE is an attractive 11. Given Coal India‘s RONW of 38% & bright prospects, this is a reasonable price to pay for Coal India
Posts tagged Coal India IPO
Coal India IPO: Best PSU Stock For Investment
Coal India fully meets the requirement that master stock pickers like Rakesh Jhunjhunwala, Ramesh Damani & Ramdeo Agarwal look for in a stock. A “monoploy” business, unending demand for the product, excellent management, excellent financial position, good dividend payout and yield and reasonable valuations make Coal India a promising investment
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