Coal India released its shareholding pattern for the September quarter on Tuesday afternoon.
What Happened: Mutual fund investment in the stock as a whole came down to 10.54% from 10.74% in the previous quarter. Parag Parikh Flexi Cap fund increased its shareholding to 1.69% from 1.34% in the June quarter. CPSE ETF increased shareholding to 2.95% from 2.90% in the previous quarter.
HDFC Balanced Advantage Fund, on the other hand, reduced its ownership to 1.61% from 1.82%. Life Insurance Corporation of India also reduced its stake to 9.74% from 9.98% in the previous quarter.
| Shareholding Data | Sep-24 | Jun-24 |
|---|---|---|
| Parag Parikh Flexi Cap Fund | 1.69% | 1.34% |
| CPSE ETF | 2.95% | 2.90% |
| HDFC Balanced Advantage Fund | 1.61% | 1.82% |
| Foreign Institutional Investors | 9.16% | 8.40% |
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Foreign Portfolio Investors (FII) increased their shareholding to 9.16% from 8.40% in the previous quarter. On the other hand, The government's stake in the company was unchanged at 63.13%.
Coal India's production in September fell 1% to 50.9 million tons from 51.4 million tons in the previous year. While its total coal output increased 2.5% to 341.3 million tons.
Price Action: Shares of Coal India rose 2.16% to ₹490.85 on Tuesday afternoon.
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