Bharat Coking Coal shares surge over 6% after falling for 6 sessions - What's next for the stock?
New Delhi, Oct. 26 -- Bharat Coking Coal shares surged over 6% in intraday trade on the BSE on Monday, 26 October, looking set to snap their six-session losing streak. Bharat Coking Coal share price opened at Rs.31.36 against its previous close of Rs.29.78 and jumped 6.5% to an intraday high of Rs.31.73.
The stock jumped following the announcement of Q2FY27 results. The company's revenue from operations for the quarter stood at Rs.4,412.6 crore compared to Rs.3,173.25 crore.
Profit for the quarter came at Rs.123.74 crore compared to a loss of Rs.53 crore in the same quarter last year.
The stock is down 10% in last 6 months. It has been gradually moving lower in a lower highs and lower lows formation below its key moving averages.
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