Coal India Shares Drop 3% After Q2 Profit Rise and Target Price Cuts
Coal India shares fell 3% despite a 57% year-on-year increase in Q2 FY27 net profit to Rs 6,547 crore. Jefferies and JM Financial lowered their target prices to Rs 460 and Rs 438, respectively. Motilal Oswal maintained its Buy rating with a Rs 450 target, citing potential volume recovery as a positive factor.
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