Coal India surges 3.5% as derivative data signals strong long build-up amid power demand fears


Shares of Coal India Ltd were trading at ₹450.50 on the NSE at around noon on March 5, 2026, Thursday, up ₹15.35 or 3.53 per cent from the previous close of ₹435.15. The stock opened at ₹440.15, touched an intraday high of ₹453.60, and is approaching its 52-week high of ₹461.55 hit on January 29, 2026.

Traded volume stood at 127.81 lakh shares with a traded value of ₹575.03 crore, reflecting active participation. The stock’s total market capitalisation is at ₹2,77,476.84 crore.

Nuvama’s derivative data for March 4 flagged Coal India under “Long Build Up” in both the day-on-day and five-day positioning tables, with a price gain of 2.2 per cent and flat open interest on a daily basis, and a 1.4 per cent price rise with 10 per cent OI addition over five days — a signal that fresh bullish bets are being placed in the futures market.

Yesterday, the broader market was under pressure, with the Nifty down 1.5 per cent and the metals index falling 4 per cent on March 5, making Coal India’s outperformance more notable, the shares continue staying in the positive.

Sector analysts at JM Financial flagged a potential supply squeeze driving the bullish thesis. Peak power demand is estimated to surge to 275–285GW during daytime this summer. Risk factors include possible disruption to gas-fired generation due to Qatar supply issues, a more than 50 per cent deficit in winter rainfall threatening hydro output, and historically linked energy prices that could push coal prices higher — all of which point to elevated coal offtake during the coming months.

The stock has returned 22.27 per cent over the past year and over 197 per cent in five years, trading at a P/E of 9.27.

Published on March 5, 2026



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