Nagpur Stock：Rs 5 dividend stock： Brokerages bullish on this PSU stock - Check targets

Coal India Share Price Target, Coal India Dividend: The shares of Coal India surged over 3 per cent as equity benchmark indices climbed in early trade on Friday, following a positive trend from the US marketsNagpur Stock. The 30-share BSE Sensex jumped 470.92 points to 75,082.03 in early trade. The NSE Nifty climbed 139.5 points to hit a record peak of 22,787.70.

The counter opened in green at Rs 458.45 and gained around 3.67 per cent to hit the day's high of Rs 469.90. The scrip had closed at Rs 453.25 in the last trading session. Last seen, the shares of Coal India held firmly in green and were trading at 468.45.

The shares of the PSU company, which has a market of Rs 2,87,491 crore, have a 52-week high of Rs 487.75 and a 52-week low of Rs 223.30. The scrip is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

Brokerage firm Jefferies has maintained a 'buy' call with a target of Rs 520.

Maintain Outperform

Target - Rs 480Kolkata Investment

The brokerage firm has maintained a neutral rating but has raised the target to Rs 460 from Rs 430.

State-owned Coal India Ltd (CIL) on Thursday (May 2) reported a 25.8% year-on-year (YoY) increase in net profit at ₹8,640.5 crore for the fourth quarter that ended March 31, 2024.

The board of directors of the state-owned Coal India Ltd has recommended a final dividend for the financial year 2023-24 at Rs 5 per equity share of the face value of Rs 10.

New Delhi Investment