New Delhi, April 25 -- Coal India has been on a roll recently. This week, it made back-to-back announcements-a mining agreement worth Rs.7,040 crore with TMC Mineral Resources and a joint venture with Damodar Valley Corporation (DVC) amounting to Rs.16,500 crore for its power play.

But investors were not enthused. The stock has remained flat as recent headwinds weigh on investor sentiment ahead of the Q4 results. That said, over the last couple of years, Coal India has significantly outperformed the broad market index. It has tracked the general enthusiasm around PSU stocks, and delivered almost 75% return during the period.







Going forward, however, as global drivers take a backseat, company fundamentals are expected to come back i...