Coal India Share Price Rises to ₹403 in Early Trade; Dividend Yield, Power Demand Drive Gains
Coal India share moved up over 1% to ₹403.00 on April 21 amid strong dividend appeal and rising thermal power generation needs.
Key Highlights:
Coal India Share Price Gains 1.04% to ₹403 in Early Trade
Coal India Share Price advanced by ₹4.15 or 1.04% to quote at ₹403.00 as of 9:58 AM IST on April 21. The stock opened at ₹399.25 and touched an intraday high of ₹404.30 amid bullish sentiment around energy demand, dividend yield, and PSU buying interest.
The move comes as power consumption surges with the onset of summer, and Coal India’s strong production guidance boosts investor confidence.
Coal India Share Snapshot – April 21
| Parameter | Value |
|---|---|
| Current Price | ₹403.00 |
| Day’s High | ₹404.30 |
| Day’s Low | ₹395.65 |
| Opening Price | ₹399.25 |
| Previous Close | ₹398.85 |
| Market Cap | ₹2.48 Lakh Cr |
| P/E Ratio | 6.32 |
| Dividend Yield | 6.23% |
| 52-Week High | ₹543.55 |
| 52-Week Low | ₹349.25 |
Key Drivers Behind Coal India’s Upside Today
- Attractive dividend yield (6.23%) keeps income investors interested
- Peak summer season boosts expectations of higher coal dispatch volumes
- Government’s push for energy security and domestic sourcing
- Undervalued valuation with low P/E of 6.32 vs sector average
Peer Watch – Energy Sector Stocks Today
| Stock | Price (₹) | Change (%) |
|---|---|---|
| Coal India | 403.00 | +1.04% |
| NTPC | 348.60 | +1.30% |
| Power Grid Corp | 281.90 | +0.85% |
| NHPC | 102.40 | +0.65% |
| SJVN | 121.40 | -0.08% |
Coal India remains a core PSU holding, especially for dividend-seeking investors and funds rotating into defensive energy themes.
Technical Outlook – Coal India Share
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 398.00 |
| Strong Support | 390.00 |
| Resistance Zone | 408.00 / 416.00 |
| Breakout Trigger | 420.00 |
The stock is approaching a mild resistance zone at ₹408. A close above this could open the path toward ₹420–₹430 levels.
Analyst Commentary on Coal India Stock
- Motilal Oswal: “Prefer Coal India for stable dividend income. Rising power demand will support FY25 volume targets.”
- HDFC Securities: “Fundamentals remain strong; downside protected by dividend yield.”
- ICICI Direct: “Maintain Buy with target of ₹430. Valuation remains undemanding.”
Final Word on Coal India Share Price Today
Coal India share price edged higher on April 21, aided by high dividend yield and a favorable demand outlook as electricity consumption spikes nationwide. With valuations attractive and government support intact, the stock remains a solid bet for defensive portfolios. Watch ₹408–₹410 for signs of momentum continuation.
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