 |
| Coal India |
Mehta told CNBC-TV18, "Coal India is one of the best stock one can own in his portfolio, it’s a must have and one can term it as black diamond. If one is long-term investor there is going to be enormous demand for coal as we are power deficit country and coal is prime raw material for producing power.”
He further added, “Also we know that the pricing power which Coal India has with itself, it is still selling at 56% discount to international prices and what the management says that they would be able to sell it at par with international prices. So there can be a lot of upside still for Coal India and my sense is that the investors should do well to hold on to the stock for 2-3 year horizon."
