Deals
Coal India Shares Gain After Quarterly Profit Beats Estimates
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Coal India Ltd., the world’s largest producer of the fuel, gained in Mumbai trading after posting first-quarter profit that beat analyst estimates.
Coal India rose 1.8 percent to 392.15 rupees at 9:26 a.m. local time. The stock, which was sold at 245 rupees apiece in an initial public offering in November, gained 25 percent this year, compared with a 17 percent drop in the benchmark Sensitive Index. The Indian stock market was closed yesterday.