The Economic Times

Coal India shares rise 4% as Citi hikes target price, puts stock in 90-day catalyst watch. Check details

Coal India shares climbed over 4% after Citi placed the stock on a 90-day Upside Catalyst Watch and raised its target price, citing stronger global coal prices and potential gas-to-coal switching due to elevated LNG prices. The brokerage expects improved e-auction realisations but warns that easing Middle East tensions could cap gains.