Coal India shares fell by 1.35%, while the Nifty decreased by 0.37%

New Delhi: As of October 21, 12:00 PM, Coal India shares are trading at Rs 485.5, down 1.35% from the previous closing price. The Sensex is at Rs 80,959.96, down 0.33%. During the day, the stock reached a high of Rs 494.5 and a low of Rs 482.4.

From a technical perspective, the stock is trading above the 300-day Simple Moving Average (SMA) but below the 5, 10, 20, 50, and 100-day SMAs. The stock is expected to find support at the 300-day SMA and face resistance at the 5, 10, 20, 50, and 100-day SMAs.

The SMA values for the stock are as follows:

Overall, according to technical analysis, the stock is showing a continued downtrend, indicating a bearish trend. From a fundamental perspective, the company has a Return on Equity (ROE) of 52.10%, with a current Price-to-Earnings (P/E) ratio of 7.51. The median one-year forecasted upside for this share is 10.61%, with a target price of Rs 537.00. As of the September quarter filings, the company has 0.00% promoter holding, 11.17% mutual fund (MF) holding, and 9.16% Foreign Institutional Investor (FII) holding.

The MF holding has decreased from 11.52% in June to 11.17% in the September quarter, while the FII holding has increased from 8.39% in June to 9.16% in the September quarter.

Coal India share price has decreased by 1.35% today, trading at Rs 485.5, while its peers show mixed performance. Companies like Adani Enterprises, Sindhu Trade Links, and Anmol India are experiencing declines, whereas Stratmont Industries is seeing gains. Overall, the benchmark indices Nifty and Sensex are down by 0.37% and 0.33%, respectively.