Coal India sheds over 5% after stellar IPO debut

Shares in Coal India dropped more than 5% today morning after a spectacular debut last week as investors locked in gains.

Shares in Coal India dropped more than 5% on Monday morning after a spectacular debut last week as investors locked in gains.

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At 9:38 am (0408) GMT the stock was down 5.4% at Rs 330.75, while the main stock index was down 0.6%.

Coal India shares are still 34% above their IPO price after making their trading debut on Thursday.