# Motilal Oswal reiterates Buy rating with a target price of Rs 535, valuing the stock at 5.5x FY28E EV/E.

*business · news · 2026-04-08 · NDTV Profit*

## Key points

- Coal India's earnings in FY26 are pressured by stagnant volume growth and muted power demand.
- A surge in global coal prices is expected to boost Coal India's e-auction prices and demand.
- Motilal Oswal projects Coal India's revenue and Ebitda to grow at a 5% CAGR from FY25-28E.
- Coal India may raise debt for strategic diversification into renewable energy and coal gasification projects.

**Companies:** Coal India Ltd.
**Countries:** India

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/markets/coal-india-motilal-oswal-remains-bullish-on-the-stock-check-key-triggers-target-price-11326087)

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