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Hold Coal India: Avinnash Gorakssakar

According to Avinnash Gorakssakar, Market Expert, one may hold Coal India.

March 24, 2017 / 04:19 PM IST

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "Coal India should be held on to, the dividend has already been played out but if one were to look at the longer-term kind of potential, clearly Coal India has got a very strong kind of positioning. In terms of the balance sheet, in terms of the kind of operating metrics, I would presume that longer-term this company should do well."

"In the shorter-term, now with a dividend factor played out this stock may remain in a very close range but over the next six to twelve months, hopefully once the power generation numbers improve, I would believe that one could get a better risk reward ratio," he added.

first published: Mar 24, 2017 04:08 pm

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