Equity Market Alert: Coal India, Power Generation Stocks in Focus

Coal India and power generation firms will be in focus as the Union Cabinet on Tuesday approved the methodology for auctioning coal blocks, enabling the government to allot coal mining licenses through competitive bidding for the first time. 

The Cabinet Committee on Economic Affairs (CCEA) approved the production-linked payment on rupee per tonne basis, plus a basic upfront payment of 10% of the intrinsic value of the coal block. The intrinsic value of coal block will be calculated on the basis of net present value of the block arrived through Discounted Cash Flow (DCF) method.

Today’s Call for Equity :

·    •BUY MNM (LCP-871.5) ABOVE 873 TG-881-892
•BUY AURBINDO PHARMA (LCP-192.05) ABOVE 193 TG-195-198
•BUY JSW STEEL (LCP 743.05) ABOVE 745 TG-752-760
•BUY RELIANCE INFRA (LCP-410.05) ABOVE 411 TG-414.5-419

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