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Angel Broking view on Coal India IPO

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  • Published On: October 20, 2010
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Paresh Jain, research analyst at Angel Broking, says the Coal India IPO is fantastically priced and may get 4 to 5 times oversubscribed. He expects greater participation by retail investors at the time of closure of the issue. He sees fair value of the stock at Rs 294.
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