Coal India Share Price Target 2026: Brokerage firm Geojit has upgraded its rating on Coal India to Buy. Geojit said that Coal India had reported moderate Q3FY26 results due to lower volume, subdued sales and an increase in expenses.

However, Geojit expects Coal India to report good numbers in the coming quarter as demand for coal is expected to rise due to early summer and elevated prices of crude oil.

Also, Coal India is going big on its diversification strategy. It is said that Coal India is diversifying into renewables and critical minerals. Along with this, downstream integration initiatives and stronger digital mine management practices provide a positive outlook.

"Coal India's continued investments in clean energy projects, mineral diversification and logistics optimisation could support medium-term sustainability while maintaining coal’s strategic relevance," Geojit said.

"An intense early summer is expected to accelerate power demand and drive a sharp recovery in coal offtake, offsetting the subdued performance seen earlier in the fiscal year," the brokerage said.

Coal India Share Price Target 2026

Geojit has, therefore, upgraded its rating on Coal India shares to Buy and set a target price of Rs 506, based on 6.3x FY28E EV/EBITDA.

Coal India share price target of Rs 506 implies an upside of more than 10 per cent from Monday's (March 30, 2026) closing price of Rs 450.10 on the NSE.

Coal India is bound to benefit from geopolitical tensions in Iran, which have led to a sharp surge in global energy prices. This positions "Coal India to benefit from higher e-auction realisations as industries pivot from costly imports to domestic coal."

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