COALINDIA Q2 FY24 Earnings Report: Slowing Growth but Dividend P
🔴 COALINDIA Q2 FY24 Earnings Report: Slowing Growth but Dividend Play Ahead 🔴
Overview: COALINDIA Q2 FY24 results, announced on October 25 after market close, reveal a slowing growth trajectory with YoY declines in profit and revenue. Although the company remains profitable, the market sentiment may be dampened by these lower earnings.
Earnings Summary:
Net Profit: ₹6,289 crore, down 21.9% YoY (compared to ₹8,048.6 crore last year)
Revenue: ₹30,672.9 crore, down 6.4% YoY
EBITDA: ₹8,617 crore, down 14.2% YoY, with a margin of 28.1%
Interim Dividend: ₹15.75/share announced, Record Date: November 1, 2024
Technical Levels:
Current Price: ₹461 (as of October 25 close)
Resistance Levels: ₹507, ₹496, ₹486, ₹475
Support Levels: ₹456, ₹436, ₹426, ₹405, ₹375
Suggested Trading Strategy
While COALINDIA’s earnings reflect slowing growth, the stock remains attractive due to the high dividend payout. Here’s a balanced approach:
Sell on Rise: The weak earnings growth suggests potential selling pressure. Consider reducing positions if the stock tests upper resistance levels (₹475-₹507).
Dividend Strategy: Muhurat trading on November 1 (Diwali) offers a unique buy opportunity for dividend eligibility through the T+1 settlement system. Entering near support levels around ₹456 could allow for dividend capture by the November 5 settlement.
Conclusion: The focus remains on capturing dividend benefits during Muhurat trading while monitoring for price dips to support levels. Despite lower YoY performance, Coal India’s profitability and dividend yield make it viable for strategic positioning.
Disclaimer: I am not a SEBI-registered advisor. This analysis is for educational and informational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a SEBI-registered investment advisor before making any investment decisions. Trading and investing in the stock market involves risks, and you should assess these risks based on your financial situation and risk tolerance.
Overview: COALINDIA Q2 FY24 results, announced on October 25 after market close, reveal a slowing growth trajectory with YoY declines in profit and revenue. Although the company remains profitable, the market sentiment may be dampened by these lower earnings.
Earnings Summary:
Net Profit: ₹6,289 crore, down 21.9% YoY (compared to ₹8,048.6 crore last year)
Revenue: ₹30,672.9 crore, down 6.4% YoY
EBITDA: ₹8,617 crore, down 14.2% YoY, with a margin of 28.1%
Interim Dividend: ₹15.75/share announced, Record Date: November 1, 2024
Technical Levels:
Current Price: ₹461 (as of October 25 close)
Resistance Levels: ₹507, ₹496, ₹486, ₹475
Support Levels: ₹456, ₹436, ₹426, ₹405, ₹375
Suggested Trading Strategy
While COALINDIA’s earnings reflect slowing growth, the stock remains attractive due to the high dividend payout. Here’s a balanced approach:
Sell on Rise: The weak earnings growth suggests potential selling pressure. Consider reducing positions if the stock tests upper resistance levels (₹475-₹507).
Dividend Strategy: Muhurat trading on November 1 (Diwali) offers a unique buy opportunity for dividend eligibility through the T+1 settlement system. Entering near support levels around ₹456 could allow for dividend capture by the November 5 settlement.
Conclusion: The focus remains on capturing dividend benefits during Muhurat trading while monitoring for price dips to support levels. Despite lower YoY performance, Coal India’s profitability and dividend yield make it viable for strategic positioning.
Disclaimer: I am not a SEBI-registered advisor. This analysis is for educational and informational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a SEBI-registered investment advisor before making any investment decisions. Trading and investing in the stock market involves risks, and you should assess these risks based on your financial situation and risk tolerance.
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