Motilal Oswal has named Coal India its top sectoral pick, setting a Rs 485 target with a 26% upside. The company is increasing capex to Rs 20,000 crore annually for infrastructure, mine expansion, and diversification into renewables. Strong e-auction volumes and pricing power are expected to drive earnings, with shares trading at Rs 380.25 on BSE. Motilal Oswal has named Coal India its top sectoral pick, setting a Rs 485 target with a 26% upside. The company is increasing capex to Rs 20,000 crore annually for infrastructure, mine expansion, and diversification into renewables. Strong e-auction volumes and pricing power are expected to drive earnings, with shares trading at Rs 380.25 on BSE. Economic Times
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