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Cairn India recovers after 3-day 7.4% slide

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Capital Market
Last Updated : May 24 2013 | 3:31 PM IST

Meanwhile, the S&P BSE Sensex was up 31.85 points or 0.16% at 19,706.18.

On BSE, 1.19 lakh shares were traded in the counter as against average daily volume of 2.65 lakh shares in the past one quarter.

The stock hit a high of Rs 283.50 and a low of Rs 279.80 so far during the day. The stock had hit a 52-week high of Rs 365.90 on 17 September 2012. The stock had hit a 52-week low of Rs 267.90 on 28 March 2013.

The stock had underperformed the market over the past one month till 23 May 2013, sliding 3.65% compared with the Sensex's 2.58% rise. The scrip had also underperformed the market in past one quarter, declining 9.32% as against Sensex's 1.85% gain.

The large-cap company has equity capital of Rs 1910.28 crore. Face value per share is Rs 10.

Shares of Cairn India had tumbled 7.48% in three trading sessions to settle at Rs 278.30 on Thursday, 23 May 2013, from a recent high of Rs 300.80 on 20 May 2013.

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Cairn India's consolidated net profit rose 17.3% to Rs 2563.60 crore on 19.5% growth in net sales to Rs 4363.36 crore in Q4 March 2013 over Q4 March 2012.

Cairn India is primarily engaged in the business of oil and gas exploration, production and transportation. The company sells its oil to major refineries in India and its gas to both public sector units and private buyers.

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First Published: May 24 2013 | 3:21 PM IST

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