JP Morgan has given a neutral rating to Coal India stock and has increased the target price of the stock to Rs 480. The brokerage has maintained a positive outlook on the stock with target price suggesting a 5% potential upside from the current market price. On March 8, the stock closed at Rs 458.5 per share. The company is recognised for giving high dividend yields. The dividends per share were Rs 24.7 for FY23 and Rs 17 for FY22. The CMP yields at a dividend rate of 5.05%.
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