New Delhi, Dec. 23 -- PSU stock Coal India share price rose almost 4% in intra-day deals on Tuesday, December 23, extending gains for the fifth straight session. Today's rise came on the back of reports that Coal India arm, Bharat Coking Coal Limited (BCCL) is gearing up to launch its initial public offering (IPO) soon. As per media reports, the issue could hit the market within the next two weeks.

BCCL is a Maharatna public sector subsidiary under Coal India, and its proposed listing is expected to be a key step in the government's broader push to unlock value from state-owned enterprises through the capital markets.

The stock rose as much as 3.6% to its day's high of Rs.400.60, trading just 4% away from its peak of Rs.417.25, hit in M...