Coal India Q4 FY21 Results Preview – Coal India Limited (CIL)’s financial results for the fourth quarter of 2009 will be announced on Monday. What should investors expect in the quarter ending March 31, 2021? How are stocks affected? Get the big picture from Ashish Chaturvedi, an analyst at Zee Business Research.
Chaturvedi said Coal India’s quarterly results remained weak in the fourth quarter of 2009. Net profit is expected to drop 25% to Rs 3457, he said. Net income for the same period of 2008 was Rs 4626.
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He added that EBITDA is expected to fall 21%.
He said the top line of state-owned enterprises is expected to be flat, down 2%, according to market estimates. He added that he would look at accounts receivable from utilities.
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The market will also consider management guidance on capacity expansion, he said. But in terms of numbers, he concludes that the results are expected to be weaker.
What does expert Sandeep Jain say about Coal India stocks?
Jain said CIL is currently available at a lower valuation and is also important in terms of dividend payments. In addition, PSU stocks haven’t shown much strength in the stock market, he said, showing a rise in the stock from here. He said electricity and infrastructure stocks are doing well, which is a good example of Coal India stocks.
He advised that investors who have this stock in their portfolio should continue to hold it.
Coal India shares closed at Rs 162.75 at NSE on Friday. It is up more than 3.6% from the previous closing price on Thursday. In the process, it also achieved a 52-week high of 165 rupees during the day. The 52-week low was Rs 109.55, a hit on October 15, 2020.
Coal India Q4 FY21 Results Preview – Weak results are expected.Analysts recommend this to investors in this stock
https://www.zeebiz.com/companies/news-coal-india-q4fy21-results-preview-weaker-results-expected-analyst-recommends-this-for-investors-of-this-stocks-158497 Coal India Q4 FY21 Results Preview – Weak results are expected.Analysts recommend this to investors in this stock