﻿{"id":11723,"date":"2026-11-11T10:21:25","date_gmt":"2026-11-11T04:51:25","guid":{"rendered":"https:\/\/www.wittytrades.com\/market-news\/bharatcoal-share-price-today-2026-11-11\/"},"modified":"2026-11-11T11:10:42","modified_gmt":"2026-11-11T05:40:42","slug":"bharatcoal-share-price-today-2026-11-11","status":"publish","type":"post","link":"https:\/\/www.wittytrades.com\/market-news\/bharatcoal-share-price-today-2026-11-11\/","title":{"rendered":"Bharat Coking Coal Share Price Today: Why BHARATCOAL Is Rising 2.25% | 11 November 2026"},"content":{"rendered":"<style id=\"wt-article-style-v4\">:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) { color:#30475c; font-size:16px; line-height:1.65; min-width:0; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::before, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::after { box-sizing:border-box; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-copy { font-size:16px !important; 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}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-button { display:inline-block; background:#10233f; color:#fff !important; padding:10px 17px; border-radius:7px; text-decoration:none !important; font-size:15px; font-weight:800; line-height:1.5; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-dark .wt-cta-button { background:#ffe36e; color:#10233f !important; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-faq h3 { color:#173b58 !important; font-size:17px !important; line-height:1.45; margin:18px 0 6px !important; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) > p:last-child { font-size:13px; line-height:1.55; color:#606b78; border-top:1px solid #e1e7ef; padding-top:13px; margin-top:16px; }\n@media (max-width:960px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(3,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:1.7fr 1fr 1.2fr 1.2fr; gap:10px; }\n}\n@media (max-width:650px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid { grid-template-columns:1fr; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-metrics { grid-template-columns:repeat(2,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-card { padding:14px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:repeat(2,minmax(0,1fr)); gap:10px 14px; padding:12px 0; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-person, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row > div:last-child { grid-column:1 \/ -1; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta { padding:17px 15px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-title { font-size:18px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div { padding:9px !important; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-title, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-body { font-size:15px; }\n}\n@media (max-width:420px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(2,minmax(0,1fr)); }\n}<\/p>\n<p>:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div {border:1px solid #dde6ee;border-radius:8px;background:#f9fbfd;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div > div:last-child {font-weight:800;color:#17324d;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) h2 {font-size:24px !important;line-height:1.35 !important;margin:28px 0 14px !important;color:#173b58;}\n<\/style>\n<div class=\"wt-article-v4\" data-witty-phase=\"live\" data-article-version=\"4\">\n<p class=\"wt-market-date\"><strong>NSE: BHARATCOAL<\/strong> \u00b7 11 November 2026<\/p>\n<div class=\"wt-price-strip\">\n<div>\n<div>Price<\/div>\n<div>\u20b932.23<\/div>\n<\/div>\n<div>\n<div>Change<\/div>\n<div>+2.25%<\/div>\n<\/div>\n<div>\n<div>High \/ Low<\/div>\n<div>\u20b932.27 \/ \u20b931.75<\/div>\n<\/div>\n<div>\n<div>Prev. Close<\/div>\n<div>\u20b931.52<\/div>\n<\/div>\n<div>\n<div>Volume<\/div>\n<div>16.08 lakh<\/div>\n<\/div>\n<div>\n<div>Price as of<\/div>\n<div>11 November 2026 \u00b7 10:30 AM IST<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-takeaways\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Key Takeaways<\/div>\n<div class=\"wt-card-body\">\n<ul class=\"wt-list\">\n<li>Bharat Coking Coal Ltd. (BHARATCOAL) shares rose 2.25% today, trading near the upper end of the day&#x27;s range between 31.75 and 32.27 after opening at 31.75.<\/li>\n<li>Bharat Coking Coal announced that Shri Anand Mohan has assumed the additional charge of Director (Technical) Project &amp; Planning w.e.f. 06-Nov-2026, following approval from the Ministry of Coal and Coal India Limited. Shri Anand Mohan holds an M. Tech from the Indian School of Mines, Dhanbad, and brings over 36 years of experience across Coal India subsidiaries. He succeeds Shri Rajeev Kumar Sinha, whose tenure concluded on 01-Nov-2026.<\/li>\n<li>Trading volume was 0.19 times the 20-day average daily volume.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<h2>Why is Bharat Coking Coal share price rising on 11 November 2026?<\/h2>\n<div class=\"wt-prose\">\n<p class=\"wt-copy\">Bharat Coking Coal Ltd. (BHARATCOAL) shares rose 2.25% today, trading near the upper end of the day&#x27;s range between 31.75 and 32.27 after opening at 31.75.<\/p>\n<p class=\"wt-copy\">The broader market and metal sector provided a supportive backdrop for the trading session. The Nifty index advanced 1.23%, while the Nifty Metal sector benchmark gained 0.78%. Bharat Coking Coal&#x27;s upward move reflects participation alongside this positive sectoral trend, building on a 5-day return of 6.19% and a 20-day return of 4.88%.<\/p>\n<p class=\"wt-copy\">On the corporate front, recent developments include the appointment of Shri Anand Mohan as Director (Technical) Project &amp; Planning effective 06-Nov-2026, following the completion of tenure by Shri Rajeev Kumar Sinha on 01-Nov-2026. Additionally, the company reported provisional monthly raw coal production of 2.86 million tonnes for October 2026, marking a 7.10% increase year-on-year. These operational and management updates provide background context for the stock, though no single same-day catalyst was officially cited for today&#x27;s price movement.<\/p>\n<p class=\"wt-copy\">16.08 lakh shares traded by 11 November 2026 \u00b7 10:30 AM IST. This compares with a 20-day average daily volume of 83.81 lakh shares (0.19 times). The five-day average daily volume was 39.13 lakh shares. Separately, the NSE report for 9 November 2026 showed 7.93 lakh shares delivered, representing 43.50% of that day\u2019s traded volume. The same report recorded 9,228 trades.<\/p>\n<\/div>\n<div class=\"wt-likely-reason\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Likely Reason<\/div>\n<div class=\"wt-card-body\"><strong>Stock-specific upward movement amid positive sectoral context<\/strong><\/p>\n<p class=\"wt-copy\">The stock advanced 2.25% alongside gains in the broader Nifty index and Nifty Metal sector. While recent updates include October production figures and board-level management changes, no direct same-day catalyst was linked to today&#x27;s price action.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"wt-cta wt-cta-yellow\">\n<div class=\"wt-cta-title\">Research the Market \u2014 Not Just the Headline<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Latest Company Developments<\/h2>\n<div class=\"wt-grid wt-grid-news\">\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Director (Technical) Appointment<\/div>\n<div class=\"wt-card-date\">7 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Bharat Coking Coal announced that Shri Anand Mohan has assumed the additional charge of Director (Technical) Project &amp; Planning w.e.f. 06-Nov-2026, following approval from the Ministry of Coal and Coal India Limited. Shri Anand Mohan holds an M. Tech from the Indian School of Mines, Dhanbad, and brings over 36 years of experience across Coal India subsidiaries. He succeeds Shri Rajeev Kumar Sinha, whose tenure concluded on 01-Nov-2026.<\/p>\n<p class=\"wt-copy\">Board-level leadership continuity in technical planning is vital for executing ongoing mining and project initiatives.<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/BCCL_06112026225947_Disclosure_under_Regulation_30_of_SEBI__LODR_-Change_in_Director.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Provisional October 2026 Production Performance<\/div>\n<div class=\"wt-card-date\">1 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">The company released its provisional production data for October 2026, reporting raw coal production of 2.86 million tonnes compared to 2.67 million tonnes in the same period last year, marking a 7.10% increase. Coking coal production stood at 2.82 million tonnes, up 9.80% year-on-year, while raw coal offtake reached 3.32 million tonnes, representing an 11.10% growth.<\/p>\n<p class=\"wt-copy\">Monthly production figures offer timely insight into operational volumes and physical dispatch trends before quarterly financial disclosures.<\/p>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Senior Management Transfers and Postings<\/div>\n<div class=\"wt-card-date\">1 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Bharat Coking Coal issued office orders for the transfer and posting of several senior executives, restructuring internal assignments for general managers across departments such as mining, estate, human resources, safety, and rescue. These administrative changes take effect upon actual release and assumption of charge at respective postings.<\/p>\n<p class=\"wt-copy\">Internal executive movements reflect administrative reallocations within the senior management team.<\/p>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Earnings \/ operating update<\/div>\n<div class=\"wt-card-date\">25 October 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">&#x27;Presentation made by Company on the Quarterly Financial Results for the 2nd Quarter and Half -Year ended 30th Sep 2026&#x27;.<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/BCCL_25102026143413_FInancials_PPT_Signed.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Ownership &amp; Transaction Activity<\/h2>\n<div class=\"wt-grid wt-grid-ownership\">\n<div class=\"wt-card\" data-card=\"ownership\" style=\"background:#fff8e8;border:1px solid #ecd39e;border-left:4px solid #cc922c;border-radius:10px\">\n<div class=\"wt-card-title\">Shareholding<\/div>\n<div class=\"wt-card-date\">As of 30 September 2026<\/div>\n<div class=\"wt-card-body\">\n<div class=\"wt-grid wt-grid-metrics\">\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Promoter holding<\/div>\n<div class=\"wt-value\">90.00%<\/div>\n<div class=\"wt-note\">90.00% on 30 June 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">FII\/FPI<\/div>\n<div class=\"wt-value\">0.06%<\/div>\n<div class=\"wt-note\">0.38% on 30 June 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Institutional holding<\/div>\n<div class=\"wt-value\">1.04%<\/div>\n<div class=\"wt-note\">1.43% on 30 June 2026<\/div>\n<\/div>\n<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1740686_17102026021909_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Mutual Fund Holdings<\/h2>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Mutual-fund ownership<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Mutual funds held 0.30% on 30 September 2026. This compares with 0.37% on 30 June 2026, a change of -0.07 percentage points.<\/p>\n<p class=\"wt-copy\">The filing reported 17 MF\/UTI holders.<\/p>\n<div class=\"wt-note wt-source-note\">These are quarterly holdings, rather than purchases or sales on the article date.<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1740686_17102026021909_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<h2>What to Watch Next<\/h2>\n<ul class=\"wt-list\">\n<li>Upcoming operational performance and monthly production reports<\/li>\n<li>Execution of project planning under newly appointed Director (Technical)<\/li>\n<li>Delivery volume and cash participation trends around the 32 level<\/li>\n<li>Developments regarding non-regulated sector coal price rationalisation<\/li>\n<\/ul>\n<h2>Other Dated Coverage<\/h2>\n<ul class=\"wt-list\">\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/bharatcoal-share-price-today-2026-10-30\/\">Bharat Coking Coal Share Price Today: Why BHARATCOAL Is Falling 1.49% | 30 October 2026 \u2014 30 October 2026<\/a><\/li>\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/bharatcoal-share-price-today-2026-10-26\/\">Bharat Coking Coal Share Price Today: Why BHARATCOAL Is Rising 4.23% | 26 October 2026 \u2014 26 October 2026<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.wittytrades.com\/market-news\/tag\/bharatcoal\/\">More Bharat Coking Coal news and dated analysis \u2192<\/a><\/p>\n<aside class=\"wt-cta wt-cta-dark\">\n<div class=\"wt-cta-title\">Looking for Research-Backed Market Opportunities?<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Frequently Asked Questions<\/h2>\n<div class=\"wt-faq\">\n<h3>What is the latest Bharat Coking Coal company news?<\/h3>\n<p class=\"wt-copy\">Bharat Coking Coal announced that Shri Anand Mohan has assumed the additional charge of Director (Technical) Project &amp; Planning w.e.f. 06-Nov-2026, following approval from the Ministry of Coal and Coal India Limited. Shri Anand Mohan holds an M. Tech from the Indian School of Mines, Dhanbad, and brings over 36 years of experience across Coal India subsidiaries. He succeeds Shri Rajeev Kumar Sinha, whose tenure concluded on 01-Nov-2026.<\/p>\n<h3>How strong was Bharat Coking Coal\u2019s trading volume?<\/h3>\n<p class=\"wt-copy\">16.08 lakh shares traded, 0.19 times the 20-day average daily volume. The price and volume data are dated 11 November 2026 \u00b7 10:30 AM IST.<\/p>\n<h3>Do the mutual-fund figures show buying today?<\/h3>\n<p class=\"wt-copy\">They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.<\/p>\n<\/div>\n<p><strong>Research &amp; analysis:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">WittyTrades Research Desk<\/a><br \/><strong>Reviewed by:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">Mohanish Sanghavi \u2014 SEBI Registered Research Analyst<\/a><\/p>\n<p>Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.<\/p>\n<\/div>\n<p><script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@graph\": [{\"@type\": \"WebSite\", \"@id\": \"https:\/\/www.wittytrades.com\/#website\", \"url\": \"https:\/\/www.wittytrades.com\/\", \"name\": \"WittyTrades\", \"publisher\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"inLanguage\": \"en-IN\"}, {\"@type\": \"Organization\", \"@id\": \"https:\/\/www.wittytrades.com\/#organization\", \"name\": \"WittyTrades\", \"alternateName\": \"Witty Networks\", \"url\": \"https:\/\/www.wittytrades.com\/\", \"telephone\": \"+91-22-48972020\", \"identifier\": [{\"@type\": \"PropertyValue\", \"propertyID\": \"SEBI Research Analyst Registration\", \"value\": \"INH000008172\"}, {\"@type\": \"PropertyValue\", \"propertyID\": \"BSE Research Analyst Code\", \"value\": \"5430\"}]}, {\"@type\": \"Organization\", \"@id\": \"https:\/\/www.wittytrades.com\/#research-desk\", \"name\": \"WittyTrades Research Desk\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\", \"parentOrganization\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}}, {\"@type\": \"Person\", \"@id\": \"https:\/\/www.wittytrades.com\/About_Us.html#mohanish-sanghavi\", \"name\": \"Mohanish Sanghavi\", \"jobTitle\": \"SEBI Registered Research Analyst\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\", \"worksFor\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"identifier\": {\"@type\": \"PropertyValue\", \"propertyID\": \"SEBI Research Analyst Registration\", \"value\": \"INH000008172\"}}, {\"@type\": \"NewsArticle\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/bharatcoal-share-price-today-2026-11-11\/#article\", \"mainEntityOfPage\": {\"@type\": \"WebPage\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/bharatcoal-share-price-today-2026-11-11\/\"}, \"headline\": \"Bharat Coking Coal Share Price Today: Why BHARATCOAL Is Rising 2.25% | 11 November 2026\", \"description\": \"Bharat Coking Coal share price rose 2.25% to \u20b932.23 today. 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Revenue growth, margins, profit growth and management guidance are the key items to compare with expectations.\",\"importance_score\":5,\"completeness_score\":3},{\"summary\":\"Bharat Coking Coal Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.\",\"category\":\"Outcome of Board Meeting\",\"date\":\"25-Oct-2026 14:19:42\",\"source\":\"NSE filing\",\"industry\":null,\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/BCCL_25102026141312_Financial_statement_half_yearly.pdf\",\"headline\":\"Earnings \/ operating update\",\"impact\":\"Earnings updates are directly relevant to valuation. Revenue growth, margins, profit growth and management guidance are the key items to compare with expectations.\",\"importance_score\":5,\"completeness_score\":4},{\"summary\":\"Change in Director(s) of the company.\",\"category\":\"Change in Director(s)\",\"date\":\"06-Nov-2026 23:00:12\",\"source\":\"NSE filing\",\"industry\":null,\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/BCCL_06112026225947_Disclosure_under_Regulation_30_of_SEBI__LODR_-Change_in_Director.pdf\",\"headline\":\"Management \/ board update\",\"impact\":\"Management and board changes can matter for execution, governance and continuity, although they do not automatically explain the day's share-price move.\",\"importance_score\":3,\"completeness_score\":3}],\"recent_news\":[{\"summary\":\"'Presentation made by Company on the Quarterly Financial Results for the 2nd Quarter and Half -Year ended 30th Sep 2026'.\",\"category\":\"Updates\",\"date\":\"25-Oct-2026 14:34:30\",\"source\":\"NSE filing\",\"industry\":null,\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/BCCL_25102026143413_FInancials_PPT_Signed.pdf\",\"headline\":\"Earnings \/ operating update\",\"impact\":\"Earnings updates are directly relevant to valuation. Revenue growth, margins, profit growth and management guidance are the key items to compare with expectations.\",\"importance_score\":5,\"completeness_score\":3},{\"summary\":\"Bharat Coking Coal Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.\",\"category\":\"Outcome of Board Meeting\",\"date\":\"25-Oct-2026 14:19:42\",\"source\":\"NSE filing\",\"industry\":null,\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/BCCL_25102026141312_Financial_statement_half_yearly.pdf\",\"headline\":\"Earnings \/ operating update\",\"impact\":\"Earnings updates are directly relevant to valuation. 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