We are optimistic about the prospects of Coal India as it has to rise as Govt had collected money from the general public for issuing them rights shares @ 255 and that time price was hovering around 270.
However, post rights issue share price went down and thus rights shares were never issued and the amount of the allottees is still blocked in their account i..e ASBA facility.
So, govt has to get these shares up at the time of allotment it has to be above 255 and now govt is making some right noises about the coal industry which can propel the stock higher.
Thus, it makes sense to hold this stock as a systematic investment plan and buy at short term intervals during its upward journey to avoid being surprised. The last price where you bought becomes your new stop loss and it keeps getting shifted so that irrespective of the condition in the market, you make money from this stock. We are proud to state that our
best share for intraday rocks every day irrespective of the condition in the market.
