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Coal India shares near 52-week high; what's driving the rally?

Business

Coal India's stock is on a hot streak—up over 6% in just five days and now close to its yearly high.
The buzz? The company just got board approval to list two of its big subsidiaries, Mahanadi Coalfields and South Eastern Coalfields, on stock exchanges.
The announcement has contributed to recent gains in the stock.

Why investors are paying attention

There's more fueling the excitement: a potential IPO for Bharat Coking Coal worth ₹1,300 crore is also in the works.
Add in Coal India's reliable dividends and strong market presence, plus rising coal demand and record production across India, and it's easy to see why analysts are upbeat about the company's future.
Energy stocks like this are definitely having a moment right now.