Coal India Limited Stock Shines Bright as Today’s Top Gainer in Nifty 50 on October 10, 2023

Coal India Limited Stock Shines Bright as Today's Top Gainer in Nifty 50 on October 10, 2023
Rate this post

Coal India Limited had an outstanding day in the stock market on October 10, 2023, with remarkable gains on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Let’s delve into the impressive performance of Coal India Limited on both exchanges:

NSE:Coal India Limited Stock Performance On Today

Opening Price: ₹288.25

Previous Day’s Closing Price: ₹287.80

Highest Price During Trading Session: ₹303.90

Lowest Price During Trading Session: ₹287.80

Closing Price: ₹302.40

Increase in Closing Price: ₹14.60 (5.07% gain)

Total Volume of Shares Traded: 2,32,79,205

Volume-Weighted Average Price (VWAP): ₹298.90

On the NSE, Coal India Limited had a highly positive trading day. The stock opened at ₹288.25, slightly above the previous day’s closing price. Throughout the trading session, it reached a high of ₹303.90 and a low of ₹287.80, showcasing remarkable stability. By the end of the day, the stock was valued at ₹302.40, indicating an impressive gain of ₹14.60 or 5.07%.

The substantial trading volume of 2,32,79,205 shares reflected strong market interest, and the VWAP stood at ₹298.90, suggesting a highly favorable trading outcome.

BSE:Coal India Limited Stock Performance On Today

Opening Price: ₹287.80

Previous Day’s Closing Price: ₹287.65

Highest Price During Trading Session: ₹303.95

Lowest Price During Trading Session: ₹287.65

Closing Price: ₹302.70

Increase in Closing Price: ₹15.05 (5.23% gain)

Total Volume of Shares Traded: 7,82,574

Volume-Weighted Average Price (VWAP): ₹297.73

On the BSE, Coal India Limited had an exceptionally promising trading day. The stock opened at ₹287.80, slightly above the previous day’s closing price of ₹287.65, indicating impressive stability. During the trading session, it reached a high of ₹303.95, showcasing robust market interest, while the lowest price was ₹287.65, displaying remarkable resilience. At the close of the trading day, the stock was valued at ₹302.70, marking an impressive gain of ₹15.05 or 5.23%.

The trading volume was substantial, with 7,82,574 shares traded, and the Volume-Weighted Average Price (VWAP) stood at ₹297.73, reflecting an exceptionally positive overall trading performance on the BSE.

Top Gainer in Nifty 50 :

Coal India Limited Stock also achieved the distinction of being the top gainer in the Nifty 50 index on October 10, 2023. This outstanding achievement underscores the stock’s exceptional performance in the broader stock market, reaffirming its status as an attractive choice for potential investors.

Coal India Limited’s ability to excel in a dynamic market and its potential for sustained growth are further highlighted by this prestigious recognition.

Coal India Limited and the Mining Sector: An Overview

Coal India Limited operates in the mining sector, a vital industry responsible for the extraction and supply of coal, a critical source of energy for various sectors, including power generation, steel production, and cement manufacturing.

The mining sector plays a pivotal role in powering the nation’s industries and contributing to economic growth.Coal India Limited is renowned for its outstanding contributions to the mining sector, with a steadfast commitment to efficient coal production and supply.

The company’s extensive network of mines and infrastructure ensures a consistent and reliable supply of coal, supporting India’s energy needs and industrial development.

As the demand for energy continues to rise, companies like Coal India Limited are indispensable in ensuring a reliable and sustainable supply of coal, thereby contributing to the nation’s energy security and economic prosperity.

Conclusion:

In conclusion, Coal India Limited’s stock performance on both NSE and BSE, coupled with its recognition as the top performer in Nifty 50 on October 10, 2023, reaffirms its paramount significance in the mining sector. Investors and stakeholders should closely monitor the performance of this esteemed mining giant, considering various market dynamics and financial indicators.

Making informed investment decisions requires comprehensive research, risk assessment, and alignment with investment objectives. Coal India Limited’s outstanding performance exemplifies its potential for continued and extraordinary success in the mining industry. Stay tuned for more positive developments as Coal India Limited continues to shine brightly in the stock market.

FAQs :

What was the percentage increase in Coal India Limited’s stock price on the National Stock Exchange (NSE) on October 10, 2023?

The stock price on the NSE increased by 5.07% on October 10, 2023.

How did Coal India Limited perform on the Bombay Stock Exchange (BSE) in terms of its closing price and percentage gain on October 10, 2023?

On the BSE, Coal India Limited’s stock had a gain of 5.23% in its closing price, reflecting a highly positive trading day.

What was the highest and lowest stock prices reached during the trading session on the National Stock Exchange (NSE) for Coal India Limited on October 10, 2023?

On the NSE, the highest price reached during the trading session was ₹303.90, and the lowest was ₹287.80 on October 10, 2023.

Can you provide more insights into the significant trading volume of 7,82,574 shares on the Bombay Stock Exchange (BSE) for Coal India Limited on October 10, 2023?

The substantial trading volume of 7,82,574 shares on the BSE reflects strong market interest in Coal India Limited’s stock, indicating high investor activity and confidence in the company’s performance.

How does Coal India Limited’s performance as the top gainer in the Nifty 50 index on October 10, 2023, impact its status as an investment choice?

Coal India Limited’s recognition as the top gainer in the Nifty 50 index on October 10, 2023, underscores its exceptional performance in the stock market and reaffirms its attractiveness as an investment option. This recognition highlights the company’s potential for sustained growth and market leadership.

Disclaimer:

The information provided in this blog is for general informational purposes only and should not be considered as professional financial or investment advice. Always conduct thorough research and seek advice from a qualified financial advisor before making any investment decisions. The blog author and publisher are not responsible for any actions taken based on the information provided in this blog. Any reliance on the content is at your own risk. Remember that the financial markets can be volatile, and past performance is not indicative of ture results. The company mentioned in the blog may have undergone changes or developments that are not reflected here. Please verify the information with credible sources before making any financial decisions.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
5 large-cap stock ideas Escorts Limited A Mid Cap Stock : 197.72% Return Potential Hybrid Mutual Fund : which give you high returns at moderate risk 3 stocks of Nifty Smallcap 50: Giving high returns in the short term 5 Key Benefits of Investing In Cipla Stock Highlights for 5 large cap companies’ performance in Q1 FY2023-24 What is happening with Tata Power? is now the Time to Buy? FII stake is increase in 10 mid cap stocks : Chance to invest