Cairn India lost 2.32% to Rs 250.85 at 11:20 IST on BSE after the global crude oil prices tumbled yesterday, 10 December 2014.
Meanwhile, the BSE Sensex was down -230.62 points, or 0.83%, to 27,600.48.
On BSE, so far 96,861 shares were traded in the counter, compared with an average volume of 1.9 lakh shares in the past one quarter.
The stock hit a high of Rs 255 in intraday trade. The stock hit a low of Rs 250.25 so far during the day, which was also a 52-week low for the stock. The stock hit a 52-week high of Rs 385 on 11 June 2014.
Shares of oil exploration firm had underperformed the market over the past one month till 10 December 2014, falling 7.64% compared with 0.16% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 22.8% as against Sensex's 2.86% rise.
Brent crude ticked higher but remained below $65 per barrel, and not far above five-year lows hit in the previous session, with the market's bearish tone largely intact. Brent for January settlement was up 55 cents a barrel at $64.79 a barrel. The contract had slumped $2.60 a barrel to settle at $64.24 during the previous trading session.
Fall in crude oil prices would result in lower realizations from crude sales for oil exploration firms such as Cairn India.
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Cairn India's consolidated net profit fell 32.7% to Rs 2277.88 crore on 12% decline in total income to Rs 4568.33 crore in Q2 September 2014 over Q2 September 2013.
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