CoalIndia is a Navratna stock but its poor performance which is reflected in share price do make us think that is it worth investing in those companies where govt has aa higher stake as these companies are generally at the mercy of govt policies.
We can take a call to not to invest in govt sponsored companies due to their over-dependence on govt policies. We have seen this company fall from 400 levels to 140 now within the past 10 years.
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