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Coal India shares jump over 2% post Q4 results

Last Updated: Tuesday, May 21, 2013 - 12:52

Mumbai: Shares of Coal India Ltd (CIL) on Tuesday gained over 2 percent after the company reported nearly 90 percent jump in standalone net profit for the fourth quarter ended March 31.

After making a bullish opening, shares of the company rose further by 2.57 percent to Rs 308.50 on BSE.

At NSE, the scrip went up by 2.43 percent to Rs 308.65.

The stock was the top gainer among both Sensex and Nifty stocks during morning trade.

CIL yesterday reported nearly 90 percent jump in standalone net profit at Rs 2,320.61 crore for the fourth quarter ended March 31.

The world's largest coal producer had reported standalone net profit of Rs 1,223.52 crore during the January-March quarter of 2011-12.

In the stock market, the BSE benchmark Sensex was trading at 20,164.36, down 50.50 points in afternoon trade.

PTI

First Published: Tuesday, May 21, 2013 - 12:52
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