Due to changing market conditions, the stock markets in India are fighting to grow and get back to normal except few companies and most of the traditional companies have fallen apart due to a crunch in liquidity and disputes between foreign investors. But to our surprise Coal India share price today are on a different track and it seems it is unstoppable in the way they are moving forward.
The severe heatwave conditions across India have raised the demand for electricity and Coal India’s share prices are on a hike because with the high demand for electricity the demand for coal has also increased. Coal India is the largest manufacturer of coal with a total of 82% of India’s total coal production. Not only India but Coal India has held its position to become the largest coal producing company in the world due to which Coal India share price today is at its peak.
Coal India comes under India’s 10 Maharatna Public Sector Enterprises and the Ministry of Coal. The government of India is the largest shareholder in the company with 66.13% of its share.
Performance of Coal India share price today
Over the last few years, the financial report of Coal India showed a leap in the total income of INR 2132 crores. The revenue growth of the company was 21.1% outperforming its 3 year CAGR of 2.5%.
The last traded price that Coal India released was INR 234.2 on the BSE which was up 1% from the previous closure. Coal India is reaching the highest value which is not only good for the investors but also for the economy of India. According to Angel One Coal India share price, today will not drop and with the increasing demand for electricity all over the world, the company will be seeing a rise.
Now that we are talking about electricity and its demand how can we not talk about Bharat Electronics Share Price.
Bharat Electronics comes under the Ministry of Defence, Government of India and is a Navratna company with a large cap market capitalisation of about INR 82,000 crore. The company manufactures electronic products and systems for the Navy, Army, and Air Force of India. And just like Coal India share price, the Bharat Electronics Share Price also is at a peak with the higher demand for electronics.
So far this year the share prices of Bharat Electronics have skyrocketed by 37.47%. It is believed that BEL can play an important role in India’s defence theme. Bharat Electronics Share Price has jumped to INR 389 per share which makes it the firm that can be trusted to invest in if you are looking for a long-term investment option. They currently trade the products cheaper than any other defence manufacturing firm.
After the pandemic, both these companies have made their way to achieving big for themself as well as for the country. Coal India share price and Bharat Electronics Share Price didn’t just jump to the highest they made their way towards growing by grabbing the opportunity and filling the void by providing what is high in demand.