Coal India and NMDC are surging in trade. Valuationwise these stocks have always been relatively cheaper than a couple of private sector names.

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For Coal India, the key highlights have been - focus on import substitution in non-power sectors, coal inventory levels were lowest, which fuelled further demand, e-auction premiums have been improving, receivables from power sector has come down which is very positive and now there are expectations of a strong dividend payout.

Street believes there is a strong case for NMDC to go ahead and increase prices.

Watch the accompanying video of CNBC-TV18’s Nigel D’Souza to know what has got these stocks excited.

(Edited by : Aditi Gautam)

First Published:May 10, 2021 4:39 PM IST