Coal India shares gain 1.91 per cent as HSBC upgrades the stock to 'overweight'

Shares of Coal India (CIL) gained 1.91 per cent on Monday after Banking and financial services major HSBC upgraded the stock to "overweight" from "neutral".

Coal India to be main beneficiary of country's increased focus on domestic coal production, HSBC said.

Temporary ownership of cancelled coal blocks also a positive, said the financial services company.

(Reuters)