Coal India Shares Up 40% On First Day Of Trading

Shares in state-run Coal India jumped nearly 40% on the first day of trading on the Mumbai stock market as investors showed more interest in investing in the world's biggest coal company.Last month, the government sold 10% stake in Coal India banking 3.4 billion dollars.The shares rose by 38.7% to Rs 340 in morning trade from the issue price of Rs 245.The strong debut of Coal India shares has prompted the government to divest sales of some parts shares of some other state-owned firms.
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