Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 December, 2014 04:52 IST

Source: rss | 23-Dec-14
Comments  |  Post Comment

Prabhudas Lilladher has downgraded Coal India to `Accumulate` from `Buy` with a price target of Rs 375 (earlier Rs 390) as against the current market price (CMP) of Rs 347 in its report dated Nov. 10, 2012.
 
``We downgrade the stock on the backdrop of concerns associated with approval of proposed MMDR bill in the upcoming session of parliament, continued weakness in E-auction realizations and strong likelihood of disappointment on volume and cost guidance,`` the broking firm said.

``CIL reported Q2FY13 earnings in-line-with our expectation. However, we were deeply disappointed with the sharp fall in E-auction realizations. The impact of the same was contained by one-time write-back of prior year provisions,`` it added.

Click here to view full report

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer