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Tue, Jul 24, 2012 at 08:36
Cairn
Brokerage: Goldman Sachs
Rating: Buy
Target: Rs 400
Rationale: Adjusted net profit was higher than expectations due to better than expected oil realizations. Ramp-up at the Bhagyam field and commencement of production at Aishwarya would be the key to drive medium-term growth.
