The shares of Coal India tumbled more than 6% on Wednesday after the company fixed the floor price for its Rs 5,000 crore offer for sale (OFS) at a 10% discount to the previous closing price, with analysts suggesting technical levels for investors to watch out for.
The shares of the company dropped to Rs 428.40 apiece in the morning trading hours of Wednesday. If the stock manages to hold these losses till the end of the session, then this would mark the sharpest single-day fall since June 2024.
