 "Cairn India rebounds from 52-week low")
Shares of Cairn India have moved higher by 3% to Rs 221, bouncing back 9.4% from its intra-day low on the National Stock Exchange (NSE).
The stock dipped almost 6% to Rs 202, also its 52-week low on the NSE, in early morning trade after it reported a consolidated net loss of Rs 241 crore in the quarter ended March 2015 (Q4FY15) on account of lower crude oil prices and one-time impairment loss in Sri Lanka. The company had reported a net profit of Rs 3,035 crore in the same quarter last year.
The trading volumes in the counter jumped an over four-times with a combined 7.87 million shares changed hands on the counter on the NSE and BSE till 1522 hours.
The stock dipped almost 6% to Rs 202, also its 52-week low on the NSE, in early morning trade after it reported a consolidated net loss of Rs 241 crore in the quarter ended March 2015 (Q4FY15) on account of lower crude oil prices and one-time impairment loss in Sri Lanka. The company had reported a net profit of Rs 3,035 crore in the same quarter last year.
The trading volumes in the counter jumped an over four-times with a combined 7.87 million shares changed hands on the counter on the NSE and BSE till 1522 hours.