Shares of state-run Coal India Ltd. are now up for the sixth straight day on Wednesday, December 23.The stock has risen 6% during this six-day period. As a result of this upmove, the largest miner of the country has also turned positive on a year-to-date basis, with the 8% surge in December so far making it the best month the stock has had in 2025.
Coal India shares have surged, particularly over the last two trading sessions, after the company received approval from the board to list two of its subsidiaries, Mahanadi Coalfields and South Eastern Coalfields.
Together, both these subsidiaries comprised of 52% of Coal India’s overall output.The stock is also gaining on strong volumes, with close to 40 lakh shares already traded in the first 30 minutes of the trading session, compared to their 20-day average of 2.6 lakh shares at this time of the day.With the stock having turned positive on a year-to-date basis, this may become the fifth straight year of positive returns for Coal India. The five years of positive returns have come after the stock had a period of six years of negative returns between 2015 and 2020.25 analysts have coverage on Coal India currently, of which 14 have a “buy” rating on the stock, six say “hold”, while five have a “sell” rating.Shares of Coal India are trading 2.1% higher on Wednesday at ₹408.75. The stock has risen 10% in the last one month.
