Why Is Coal India Share Price Rising Today? Maharatna PSU Shares Surge 4% Amid BIG PSU IPO Buzz

Coal India Share Price Today: Shares of Coal India Limited jumped nearly 4% during Tuesday's intraday trade amid buzz around the initial public offering (IPO) of its wholly owned subsidiary Bharat Coking Coal Limited(BCCL).

Coal India shares were trading 3.26% higher at Rs 399.10 per share on BSE with a market capitalisation of Rs 2,45,831.23 crore. The stock had touched an intraday high of Rs 400 per share and an intraday low of Rs 386.30 per share.

Coal India's Arm Bharat Coking Coal IPO

Bharat Coking Coal Limited (BCCL) could be one of the earliest IPOs of the year 2026, as the Coal India Arm may hit India's IPO market in next two weeks, reported ET Now. GoodReturns couldn't independently verify the development. As per the ET Now report, Coal India is expected to offload around 10% of its equity stake in Bharat Coking Coal.

The offloading of Coal India stake in BCCL would translate into the sale of nearly 46.57 crore equity shares. As per the report, no fresh shares will be issued, hence the entire proceeds will go to the parent company, ie Coal India, instead of Bharat Coking.

Exact details of the Bharat Coking Coal IPO will be out after the release of its Draft Red Herring Prospectus (DRHP).

Coal India Share Price Recommendation

Coal India shares have received a 'Buy' rating by the Antique Stock Broking Limited with a target price of Rs 433 per share. The brokerage has indicated nearly 12% upside in its valuation in the long-term.

Coal India Share Price Trend

Coal India shares opened higher on the BSE. The stock had reached a 52-week high of Rs 417.25 per share on the BSE on May 20, 2025. The stock had dipped to its 52-week low mark of Rs 349.2 per share on 17 February 2025. Coal India stock has a return on equity (ROE) of 115.21%. The stock has given nearly 3% returns since the beginning of the year 2025, and around 195% returns in five years.

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