Coal India share price surged as much as 1.98 per cent in early trades in Thursday's trading session. State-owned company announced on Wednesday that its consolidated net profit rose by 12% to $ 9,593 crore in the fourth quarter. Coal India's raw coal production for the quarter ended March 2025 was 237.69 million tonnes, marking a 1.7% year-on-year decrease from 241.75 million tonnes in Q4 FY24.

Total expenses for the March 2025 quarter saw a modest increase, reaching The performance in Q4 is on the back of 1) better-than-expected e-auction premiums of 69% vs our estimates of 55%, despite lower thermal coal prices globally. While FSA price was up 2.2% QoQ, offtake was also up, Emkay Global Financial Services has maintained 'buy' rating with unchanged target price of $ 475. Valuations remain undemanding with one-year forward P/E of 7x vs 10-year average of 9.7x.

On breaking above this resistance, the share price may soon touch the $ 420 per share mark. "Those who have Coal India shares in their portfolio are advised to hold the scrip, maintaining a stop loss at $ 368," says Hensex Securities. "Fresh investors can also initiate momentum buying at the current market price for a short-term target of $ 420, maintaining a strict stop loss at $ 368," Ojha said.