Coal India shares remain an analyst preference despite fall from record levels

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Analysts believe the recent correction in Coal India shares have made valuations attractive. While the market has been hesitant toward the stock due to a lack of meaningful catalysts and a challenging macroeconomic backdrop, Emkay notes a recovery in key metrics—FSA prices, e-auction premia, e-auction volumes, production/offtake volumes, and employee costs—in Q3, following a dip in Q2.

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