WEAK Q-1 RESULTS – COAL INDIA DROPS

Coal India dropped 0.44% to Rs 237.60 at 9:30 IST on BSE after consolidated net profit fell 23.3% to Rs 2351.13 crore on 3.6% rise in net sales to Rs 18404.32 crore in Q1 June 2017 over Q1 June 2016.

The announcement was made after market hours on Monday, 14 August 2017. 

The stock had underperformed the market over the past one month till 14 August 2017, falling 4.75% compared with the Sensex’s 1.79% decline. The stock had also underperformed the market over the past one quarter, declining 13.6% as against the Sensex’s 4.18% rise. The scrip had also underperformed the market over the past one year, dropping 29.38% as against the Sensex’s 11.71% rise.