Coal India shares rise 4%, emerge as top Nifty gainer amid West Asia crisis: Here's why

Coal India shares rise 4%, emerge as top Nifty gainer amid West Asia crisis: Here's why -

Shares of Coal India were the top Nifty gainer on March 12 by gaining over 4% as escalating tensions in West Asia threaten global energy supplies. Shares of other energy majors such as Adani Enterprises, NTPC, and Power Grid Corp. of India also remained among the top gainers in the index, up 1-2% each. At 1:15 pm on March 12, Nifty Energy index was trading nearly 2% higher. The government on Wednesday said it is fully prepared to meet any unprecedented surge in coal demand, with overall coal stocks at about 210 million tonne -- adequate for around 88 days. This year, coal production and supply have outpaced consumption, leading to record-high stocks at thermal power plants and coal mines. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24