Cairn India declined 1.53% to Rs 250.50 at 11:25 IST on BSE after a sharp slide in crude oil prices yesterday, 2 March 2015.
Meanwhile, the BSE Sensex was down 19.96 points, or 0.09%, to 29,433.36.
On BSE, so far 30,882 shares were traded in the counter, compared with an average volume of 2.58 lakh shares in the past one quarter.
The stock hit a high of Rs 253.40 and a low of Rs 250.30 so far during the day. The stock hit a 52-week high of Rs 385 on 11 June 2014. The stock hit a 52-week low of Rs 228.40 on 17 December 2014.
The stock had outperformed the market over the past one month till 2 March 2015, rising 8.05% compared with 1.16% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 2.04% as against Sensex's 3.57% rise.
The large-cap oil and gas exploration and production company has an equity capital of Rs 1874.83 crore. Face value per share is Rs 10.
Brent crude oil futures edged higher after witnessing slump in previous trading session. Brent for April settlement was up 87 cents at $60.41 a barrel. The contract had slumped $3.04 a barrel or 4.85% to settle at $59.54 a barrel during the previous trading session.
Lower crude oil prices would result in lower realizations from crude sales for oil exploration firms like Cairn India.
Cairn India's consolidated net profit fell 53.2% to Rs 1349.64 crore on 19.8% drop in total income to Rs 4020.57 crore in Q3 December 2014 over Q3 December 2013.
Cairn India is a part of the Vedanta Group, a globally diversified natural resources group with wide ranging interests in aluminium, copper, zinc, lead, silver, iron ore, etc.
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