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Friday 1 June 2018

#BREAKING | #CoreSectorData: April eight core industries growth at 4.7% vs 4.4% in March. *April coal output at 16% vs 9.1% in March*

*April coal output figures Indicates better shape of things to come for Coal India*. In Q1 ( after bumper Q4), Coal India has again hiked coal prices

_Coal can declare NP of 7000+ Cr for Q1 and decent Interim Dividend with Q1 no's._ SHOULD DECLARE LIFETIME HIGH NP FOR FY19 (DIVIDEND Can be Rs 25 for FY19)

*So called* Analysts at CNBC continue to misguide investing community. Ashwin Gujaral is really mad when yesterday he is recommending not to buy Coal India and any PSU. He has his set prejudices and unwilling to look at things with fresh perspective. Before shooting off his mouth, he should have checked how fundamentals of Coal India are changing. Various Brokerage houses have upgraded Coal India.

Name.             TP

Macquarie.      343

CITI.                   350

MOSL.                394

*Denofwealth TP 450*

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