Coal India is currently trading at Rs. 328.65, up by 0.15 points or 0.05% from its previous closing of Rs. 328.50 on the BSE.
The scrip opened at Rs. 329.30 and has touched a high and low of Rs. 332.10 and Rs. 328.10 respectively. So far 1,92,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.85 on 17-Aug-2016 and a 52 week low of Rs. 272.05 on 12-Apr-2016.
Last one week high and low of the scrip stood at Rs. 332.10 and Rs. 314.30 respectively. The current market cap of the company is Rs. 2,04,192.00 crore.
The promoters holding in the company stood at 79.78%, while Institutions and Non-Institutions held 17.76% and 2.47% respectively.
Northern Coalfields (NCL), a subsidiary of Coal India has received its board’s approval for buyback of shares. The company has proposed to repurchase 76,356 equity shares from their shareholders on a proportionate basis through tender offer. The shares proposed accounts for 4.30% of total paid up capital of NCL. The equity shares will be bought back by NCL at a price of Rs 162,937 per share, at a face value of Rs 1000 each for an aggregate amount not exceeding up to Rs 1244 crore.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.