Shares of Coal India Ltd. will be in focus on Thursday, July 2, after global brokerage UBS reiterated its bullish stance on the state-run miner and assigned the highest price target on the Street.
UBS maintained its 'Buy' rating on Coal India with a price target of ₹550, the highest among the 25 analysts tracking the stock.
The target implies an upside potential of nearly 26% from Wednesday's closing price.
According to the brokerage, Coal India's offtake remained strong during the June quarter, supported by robust electricity demand amid the summer season. While coal production declined 7% year-on-year in the first quarter of FY27, offtake increased 4%, indicating healthy demand, steady coal movement and liquidation of inventories.
UBS also highlighted an improvement in e-auction realisations as elevated international coal prices continued to support premiums. The e-auction premium rose to 42% in June from 36% in May, while the average premium for the first quarter of FY27 stood at 44%.
The brokerage said that buyer participation remained selective, with the allocation rate at 41% in June and 37% for the June quarter.
According to Bloomberg data, 25 analysts currently cover Coal India. Of these, 14 recommend 'Buy', five have a 'Hold' rating and six have a 'Sell' recommendation.
Shares of Coal India settled 1.7% higher at ₹435.15 on Wednesday. The stock has gained around 9% so far in 2026 but remains nearly 10% below its 52-week high.