New Delhi, Dec. 24 -- Shares of public sector undertaking (PSU) Coal India jumped 3% in Wednesday's trading session to trade at its highest level in seven months.

Coal India share price touched the day's high of Rs.412.40 on the BSE, extending its gains to the sixth day in a row and nearing its 52-week high of Rs.417.25 amid strong buying action. The blue-chip stock has risen 8% in the last six sessions.

As of 11.55 am, 7.88 lakh shares of the company had changed hands, much higher than the two-week average of 5.01 lakh shares.

The rally in the Maharatna PSU stock, Coal India, came on the heels of the board nod for the stock market listing of its subsidiaries - South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MC...