It is a dump of news related to stock market in India mainly for personal use. It contains views of the blogger. The views are given in order to share the perception on the capital market in India. Every criticism and involvement is solicited.
Sunday, October 16, 2011
Strike in Coal India
Coal India is one of my long term scrip. However this report is about the labour problem in the company. For reference check the report at CIL Staff threaten Strike.
The prince was hovering around 370. It had been trying to move above 400. Now it has come down to 320s after the October 10, 2011. With the impending strike as reported above, the falling production and possibility of import of coal (Not included here), I think I should sell some of the shares. However, this the month of reporting of the second quarter. Hence, I believe that the order should be sell and buy. There is no need to add further.
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