BROKRAGE UPGRADE--> Jefferies Sees More Upside in this stock

is back in focus after Jefferies maintained its ₹500 target, pointing to a combination of stronger power demand, higher global coal prices and potential improvement in e-auction realisations. But what exactly is driving the optimism? 1. Power Demand Is Rising India's electricity demand has been strengthening, increasing the requirement for coal-based power generation. 2. Global Coal Prices Are Supporting the Story Higher international thermal coal prices can improve the economics of domestic coal. 2. Global Coal Prices Are Supporting the Story Higher international thermal coal prices can improve the economics of domestic coal. ---->What Is Jefferies Saying? Jefferies has maintained a ₹500 target for Coal India and expects earnings to improve as: • Power demand recovers • Dispatch volumes increase • Global coal prices remain supportive • E-auction premiums improve The brokerage has also projected an earnings recovery over FY26–FY28. ---->What Could Go Wrong? The story is not without risks. Investors need to monitor: • Global coal prices • Power Demand • Coal production and dispatch growth • E-auction premiums • Captive/merchant coal production --->Bottom Line Jefferies' ₹500 target puts Coal India back on the radar.