Coal India Q2 profit jumps 57%, but shares slip 3%
Brokerages trimmed their targets on higher costs, though low coal stocks at power plants could lift dispatches in the coming months.
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Coal India's consolidated net profit rose 57% to ₹6,547 crore in the September quarter, and revenue 21% to ₹44,179 crore.
Its shares still fell as much as 3% to ₹381 on the BSE on Friday.
Jefferies and JM Financial cut their target prices; Motilal Oswal kept its buy rating at ₹450.