52 Week High Stock: This government company stock rose 5% today, trading at a 52-week high:

News Topical, Digital Desk : 52-Week High Stock: Shares of Coal India Ltd. saw a sharp rise on Friday, January 2. The stock rose 5% and reached close to its 52-week high intraday after the company made a major decision regarding its e-auction process.

What's the big change?

Starting Thursday, Coal India has allowed foreign buyers to directly participate in the Single Window Mode Agnostic (SWMA) e-auction. Coal consumers from neighboring countries like Bangladesh, Bhutan, and Nepal, who wish to import coal from India, will now be able to bid directly alongside domestic buyers. Previously, foreign consumers only had access through domestic coal traders.

What's the worry for foreign buyers? Under the revised framework, foreign buyers will be able to access one-time registration, participate through digital bidding, advance electronic payment, and export through notified logistics channels. Buyers from Nepal will be able to pay in both Indian rupees and US dollars, while buyers from Bangladesh and Bhutan will only have to pay in US dollars. A senior Coal India official said , "Opening the SWMA e-auction to foreign buyers reflects our balanced strategy of market expansion while protecting domestic needs. This will promote transparency, competition, and global market integration." Recent Business Updates Coal India was also in the news on Thursday when it released its December business update, showing production growth of 4% year-on-year, but offtake decline of 5%.