Coal India Rises After Morgan Stanley Upgrades to 'Overweight' on Earnings Outlook
Coal India shares gained 1.3% to 420.10 rupees as Morgan Stanley upgraded the stock to "overweight" from "equal-weight", hiking its price target to 480 rupees. The brokerage cited accelerating thermal power demand and depleted power plant inventories as drivers for volume growth, expecting e-auction premiums to expand