Coal India's market capitalisation crosses Rs 2 lakh crore

by Psu Connect
Date: 13-11-23

Coal India's market capitalization has been rising steadily in recent months, as investors have become more optimistic about the company's prospects.

Coal India's market capitalisation crosses Rs 2 lakh crore

Coal India, the world's largest coal producer crossed the Rs 2 lakh crore market capitalization mark. This is a significant milestone for the company, which is a major contributor to the Indian economy.

Coal India's market capitalization has been rising steadily in recent months, as investors have become more optimistic about the company's prospects.

The company is well-positioned to benefit from the growing demand for coal in India, as the country continues to industrialize. Coal India is also benefiting from higher coal prices, which have been boosted by the global energy crisis.

Coal India's strong financial performance has also contributed to its rising market capitalization. In the first half of the current financial year, the company's net profit rose by 23% year-on-year. The company is also expected to perform well in the second half of the year, as the demand for coal is expected to remain strong.

Coal India's market capitalization crossing the Rs 2 lakh crore mark is a positive sign for the Indian economy. It shows that investors are confident in the company's prospects and the Indian economy as a whole.