The broking firm Motilal Oswal Financial Services has maintained its “Buy” rating on the stock of Coal India. It has also kept the target price unchanged at Rs 520. 

The brokerage house sees the company to be well-placed in capitalising future growth opportunities. However, Motilal has slightly trimmed the e-auction premium estimates for FY26 but raised the e-auction volumes. Due to this, the brokerage house has raised estimates for revenue, operating profit, and net profit for FY26. The brokerage house raised the estimates for revenue by 1%, operating profit by 8%, and net profit by 7% for FY26

In a research report, Motilal Oswal said that India is lagging in its renewable energy target for FY30, and on the other hand, the Ministry of Power has raised the electricity generation target for the current financial year by 7.7% on year. Out of this, the thermal power has an expected share of 75%, which gives Coal India an upper hand to “smoothly achieve strong production in the next few years.”