Coal India shares fall 2% after Q1 results. What are Jefferies, other brokerages saying?

Coal India shares fell 2% after Q1 FY27 results. Revenue rose 8% YoY to Rs 46,255 crore, but total expenses climbed faster at 12% YoY to Rs 36,816 crore, while EPS was largely flat at Rs 14.36 versus Rs 14.27 a year ago. Brokerages held mixed views: Jefferies retained Buy with a Rs 500 target citing recovering power demand, Nuvama stayed at Reduce with a Rs 396 target citing rising costs and wage revision pressure, and Dolat Capital kept Accumulate with a Rs 490 target noting EBITDA below estimates but a modest PAT beat. The company also declared an interim dividend of Rs 5.50 per share with a dividend yield of around 6%.