shareholding pattern reveals a healthy picture of the script
Coal India Limited (CIL) is an Indian state-controlled coal company headquartered in Kolkata, West Bengal, India and the world's largest coal miner with revenue exceeding Rs 45,797 Cr or $10.3 billion U.S. (FY2008-09). It was formerly owned entirely by the Union Government of India, under the administrative control of the Ministry of Coal. It is involved in coal mining and production industry.
In 2010, CIL's initial public offering (IPO) got subscribed 15.28 times, collecting a record over Rs 2,40,000 crore (Rs 2,400 billion) – the highest IPO subscription so far.On the first day of its listing on the Sensex, its stock closed 40% higher than IPO price.
http://www.seasonalmagazine.com/2010/09/coal-india-ipo-10-questions-investors.html
MY VIEWS:
IN THE COMING MONTHS(6 TO 12 MONTH) I EXPECT SEVERE CORRECTION
THIS IS ONE OF THE GOOD SCRIPT TO BE IN ONES PORTFOLIO FOR LONG TERM
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