New Delhi, March 3 -- Shares of state-owned Coal India fell nearly 4 percent in intra-day trading on Monday, March 3, trading close to their 52-week low. The decline came after the company reported a slight 0.9 percent drop in coal production for February compared to the same period last year. The dip in output raised concerns among investors despite the company's overall production growth for the fiscal year.

Coal India's production for February stood at 74.1 million tonnes (MT), down from 74.8 MT in February 2024. However, on a cumulative basis, the company reported a year-on-year production increase for the April-February period of FY25, with total output rising to 695.3 MT from 685.1 MT in the previous year.

The company's production...