Coal India Share Price Live Update – Coal India Share Price Today – mymoneykarma

Why Should You Invest in CIL?

The opening share price on the first day of trading of Coal India was Rs.291, and the closing price was Rs.342.

In 2011, the company was the most valued company of India.

In India, there are 101 coal mines, and Coal India supplies 98 of them.

Since about 70% of India’s power is generated through coal, the demand for coal will increase.

In coal production, the company has crossed the half-a-billion tonne mark and shown an increase in profits from FY17 to FY18.

The company has paid out dividends which implies that it could be an excellent long-term investment.

Stocks or Mutual Funds: Here is our recommendation

A lot of research and knowledge is required in stock market investments, and generally, they don’t offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn’t require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.

About MyMoneyKarma:

MyMoneyKarma is emerging as a leading Recommender Engine that helps people makes Intelligent Financial decisions. We are founded by two Stanford Business School alumni who bring decades of experience in Consumer Finance and Technology. Our focus is on creating secure, data-driven, unbiased, and consumer-friendly online tools that recommend products and services in a rapidly evolving environment. We use Machine Learning algorithms to identify potential opportunities for our customers to plan, save and invest.

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