Meanwhile, the BSE Sensex was up 142.61 points or 0.73% at 19,569.32.
On BSE, 13,000 shares were traded in the counter as against average daily volume of 4.41 lakh shares in the past one quarter.
The stock hit a high of Rs 321.15 and a low of Rs 319 so far during the day. The stock had hit a record high of Rs 400.95 on 22 February 2012. The stock had hit a 52-week low of Rs 296.10 on 4 June 2012.
The stock had underperformed the market over the past one month till 31 December 2012, sliding 3.14% compared with the Sensex's 0.45% rise. The scrip had also underperformed the market in past one quarter, declining 3.55% as against Sensex's 3.54% gain.
The large-cap company has equity capital of Rs 1909.90 crore. Face value per share is Rs 10.
US crude oil futures for February 2013 delivery gained $1.02 a barrel or 1.12% to settle at $91.82 a barrel on the New York Mercantile Exchange on Monday, 31 December 2012, its highest closing level since 18 October 2012. There is no trading today, 1 January 2013, on account of New Year's Day holiday. Higher crude oil prices will result in higher realizations from crude sales for oil exploration firms like Cairn India.
The US White House and Senate Republicans reached an agreement late Monday to avert the imminent fiscal cliff of wide-reaching tax hikes and deep spending cuts. The US Senate will vote on the deal on Monday night. However, with the House of Representatives failing to pass the deal on Monday, 31 December 2012, the economy will at least temporarily go over the cliff. The House of Representatives will hold a special session on Tuesday, 1 January 2013, for a debate on the deal.
United States is the world's biggest crude oil consumer.
Cairn India's consolidated net profit jumped 204.3% to Rs 2322.18 crore on 67.5% growth in net sales to Rs 4443.14 crore in Q2 September 2012 over Q2 September 2011.
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 PSU and private buyers.
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