Coal India shares rise after Morgan Stanley upgrade
Coal India shares gained up to 3% after Morgan Stanley upgraded the stock to "overweight" from "equal-weight" and set a target price of Rs 480.
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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