Coal India falls 3% after Q2 profit rises, brokers cut targets
In short
Coal India shares fell 3% after its Q2 FY27 results. Net profit rose 57% year on year to Rs 6,547 crore, according to the summary, and some brokerages lowered their target prices to Rs 460 and Rs 438.
Motilal Oswal kept a Buy call with a Rs 450 target and said volume may recover. It is still unclear why the stock fell even after the profit increase.
What the reporting says
Coal India shares fell 3% after the company reported a 57% year-on-year rise in Q2 FY27 net profit to Rs 6,547 crore. The publisher-supplied summary says Jefferies and JM Financial cut their target prices to Rs 460 and Rs 438, while Motilal Oswal kept a Buy rating with a Rs 450 target, citing possible volume recovery. The immediate market reaction was negative, but the source does not say what drove the stock drop.
Why it matters
Coal India shares dropped 3% after the company reported Q2 FY27 net profit of Rs 6,547 crore, up 57% year on year. The source says Jefferies and JM Financial lowered their target prices to Rs 460 and Rs 438, while Motilal Oswal kept a Buy rating with a Rs 450 target, pointing to potential volume recovery. The reporting does not explain the selloff beyond the broker reactions.