Shares of state-owned Coal India (CIL) dropped 4% to a low of Rs 500.70 on the BSE after the company reported sales volumes of 52.1 million tonnes on Monday, marking a 12% year-on-year decline. Despite this, domestic brokerages such as Nuvama and JM Financial remain positive about the stock, believing that short-term fluctuations do not impact its long-term prospects.
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