New Delhi, May 27 -- Coal India share price tumbled 5.30% to Rs.433.95 on NSE in Wednesday's trading session after the central government announced stake sale through offer for sale (OFS). The stock opened at Rs.429 apiece today, as compared to the previous close of Rs.458.15 on Tuesday.

The stock has largely remained positive in the near-term by soaring over 8.45% on year-to-date (YTD) basis and 8.59% in the last one year. Furthermore, Coal India shares have delivered 80% returns in three years and multibagger returns of 200% in five years.

The Government of India plans to divest up to a 2% stake in Coal India through an offer for sale (OFS) scheduled for May 27 and May 29, according to an exchange filing by the state-run miner on Tues...