Coal India Shares Jump 5% on West Asia Crisis, IPO Plans & Strong Reserves

• Coal India emerged as the top Nifty gainer on March 12, rising over 5% due to escalating West Asia tensions threatening global energy supplies.
• Government confirms 210 million tonnes of coal stock, adequate for 88 days, with production outpacing consumption leading to record high reserves.
• CIL's consultancy arm, Central Mine Planning and Design Institute Ltd (CMPDI), plans an IPO of up to 7.14 crore equity shares (10% stake), boosting CIL stock.
• Global brokerage Jefferies raised Coal India's target price and FY26-28 earnings estimates by 1-4% due to higher e-auction premiums.
• Other energy majors like Adani Enterprises, NTPC, and Power Grid Corp. of India also saw gains, with the Nifty Energy index closing nearly 2% higher.