Cairn India shares fall after earnings lag estimates

Shares in Cairn India fall 1.7% in after its Jan-march earnings lag estimates, dealers say.

Cairn India on Monday said its Jan-March net profit rose 17.1% to Rs 2,564 crore versus Rs 2,186 crore in the same quarter last year.

Production of 175,000 barrels of oil per day from Rajasthan oil field however removes some investor apprehensions, dealers add.