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BUZZ-Coal India hits over 3-year low on Q4 profit miss
May 30, 2017 / 4:26 AM / 6 months ago

BUZZ-Coal India hits over 3-year low on Q4 profit miss

** Coal India Ltd falls as much as 2.9 pct to 259.500 rupees, its lowest since March 21, 2014

** The coal miner posted a 38 pct fall in consol profit in Q4, missing analysts estimates

** Jefferies said it expects Coal India’s earnings outlook to be “unexciting” citing lower realisations from its fuel supply agreements and higher wage provisions

** Stock posts biggest intraday pct loss since March 14

** Stock down 10.9 pct this year as of Monday’s close

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