COALINDIA (Coal India Ltd.): Partnership / JV
Coal India told the exchanges on Wednesday that it had entered a non-binding memorandum of understanding with ArcelorMittal Nippon Steel India, according to the filing carried by the NSE. Non-binding means the document records an intent to explore something jointly, with neither side committed to a transaction. The pack carries no commercial terms, no size and no timeline.
Strota separately measures how share prices behaved after partnership and joint-venture announcements as a category. Across 68 such past events at many different companies, the win rate was 51.5% and the net edge 0.22% - statistically a coin flip. That is a base rate for the event type, not a projection for Coal India, and the filing's bullish label is a classification, not evidence about this stock.
The tape leaned the other way. The stock last traded at 409.3 against a previous close of 412.6, down 0.8% while the Nifty was down 0.15%. It sits below both its 50-day and 200-day moving averages and 16.01% under its 52-week high of 491.25, with an RSI of 34.8 and returns of -4.09% over a month and -9.12% over three months, against 9.48% over a year. Derivatives showed a short buildup, with open interest up 3.74% on a nearly flat price. Valuation stands at 8.07 times earnings and a 5.13% dividend yield.
Two other Coal India items sit in the same feed: a Livemint report that subsidiary SECL has invited banker pitches for a proposed ₹10,000 crore IPO, and a Reuters report that the company is weighing a purchase of a Canadian firm's unit for Chilean lithium assets. Two further headlines there concern Hindustan Copper, a different company. The data does not establish which of these, if any, moved the price.
The catalyst
Coal India Limited has informed the Exchange about Non-Binding Memorandum of Understanding (MoU) between Coal India Limited and ArcelorMittal Nippon Steel India Private Limited. (filing · NSE)
What the data shows after this event
Across Strota's backtest of past filings, Partnership / JV shows no reliable next-session edge — the move went bullish in about 51.5% of next sessions (net 0.22% after drift and cost, n=68). A base rate, not a forecast for this stock.
COALINDIA right now
trading -0.80% on the day; F&O shows Short Buildup (OI 3.74% ); P/E 8.07; RSI 34.8. Full COALINDIA analysis →
Sources
- Coal India Limited has informed the Exchange about Non-Binding Memorandum of Understanding (MoU) between Coal India Limited and ArcelorMittal Nippon Steel India Private Limited. — NSE
- After Mahanadi, Coal India's SECL invites banker pitches for proposed ₹10,000 crore IPO — livemint.com
- Hindustan Copper plans supply of Chilean copper to Hindalco and Adani — Mining Technology
- Coal India weighs buying Canada's Wealth Minerals unit for Chile lithium assets, sources say — Reuters
- India's Hindustan Copper plans to sell copper concentrate sourced from Chile to Hindalco, Adani, sources say — Reuters
Keep digging
- COALINDIA — full smart-money page: F&O positioning, deals, insider filings and option chain in one place.
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