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Here’s why Indian coal was buzzing in the trade today


Shares of state-owned Coal India Ltd (CIL) were in turmoil on Wednesday, November 24, as its board met on November 29 to review and approve interim dividends.

Coal India’s market cap has come down to Rs 1 lakh crore and cash on the books is almost 27% of its M-cap.

The December futures contracts suggest that the street takes into account a simple dividend of Rs 3, but if it is an extraordinary dividend, which is more than 5% of the current market price, there will likely be a adjustment on both species equally. as Futures side, which could lead to a short-term rebound.

A few other short-term triggers include wage negotiations and the long-awaited price hike from the FSA.

Watch the video to learn more.


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