Coal India slides most since February after Iran ceasefire

ReutersApr 8, 2026 7:38 AM

April 8 (Reuters) - Shares of Coal India COAL.NS down about 3% at 448.15 rupees; set to fall the most since Feb 1

Biggest loser on Nifty 50 index .NSEI, which is up 3.6%

Stock falls after U.S. agreed to a two-week ceasefire with Iran, easing concerns over oil and LNG flows through Strait of Hormuz

Expectations of higher demand for alternative feedstock amid Middle East conflict led to rise in COAL earlier this month

Co accounts for over 80% of India's production and is world's largest coal miner by output

COAL rated "hold" on average by 22 analysts, median PT at 434.50 rupees - data compiled by LSEG

YTD, COAL up about 12% vs Nifty 50's nearly 8% decline

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