Coal India: Star Performer
Coal India, the PSU behemoth has lived upto people’s expectations and continues it’s stellar performance even when the broader market is facing multiple headwinds.
Coal India has posted YTD returns of 15.54% till 23 May, 2011 in comparison to Sensex and Nifty’s returns of -12.49% and -12.52% in the same time-frame. The scrip has also outperformed BSE 200 and BSE 500 indices which have posted -11.20% and -11.25% in the similar time-frame.
Courtesy: Finalaya “Compare Company” feature.
Even the market darlings like Infosys, Bharti, SBI and RIL have suffered mercilessly after their shocking performance in their report cards. The new kid on the block has outperformed the big daddies of D-Street and continues to allure more and more investors.
After making a blockbuster debut on the bourses on November 4 last year, Coal India, the Maharatna PSU recently surpassed ONGC to become the second most valuable company. The Kolkata headquartered Coal-India is now fighting hard with RIL to take a leadership position on market-cap terms.
The world’s largest miner which recently touched a 52 week high of 400.90 on BSE (17 May 2011) is still quoting at 370 which is still a premium of 51.02% against it’s IPO issue price of 245.The central government holds 90% in PSU and Institutions holding 7.80% of the remaining 10%.
The mega-PSU posted net sales of 4137.57 million as on 31 March, 2011 over 3978.55 million (31-March, 2010).On profitability front, company posted a whopping PAT of 46,961.03 million as on 31 March, 2011 over 37991.59 million (31 March, 2010).
The mega-PSU is already a constituent of BSE-500, BSE-200 and Morgan Stanley Composite Index. Being a second rank holder on Market-Cap front, it is already a strong contender for inclusion in BSE Sensex & Nifty.
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