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Coal India gains as Citi hikes price target

ReutersMar 5, 2026 4:56 AM

Coal India's COAL.NS stock up 3.2% to 449.5 rupees, top gainer on Nifty 50 index .NSEI, which is up 0.51%

Stock set to rise most in a session since Jan 28

COAL above 100-day, 200-day SMAs since late Dec

Citi hikes PT to 430 rupees from 415 rupees, expects stock to rise in next 90 days

Brokerage says high LNG prices, due to Middle East war, expected to prompt gas-to-coal switch, driving up coal prices and potentially higher e-auction prices

J.P.Morgan awaits "broader fundamentals to improve before turning constructive" on stock

Avg rating by 21 analysts is "buy", median PT 436 rupees - data compiled by LSEG

YTD, COAL up 13% vs .NSEI's 6% loss

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