Apr 22, 2013, 12.08 PM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cairn India.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "If somebody were to ignore the fact that Cairn India is reporting, it would be buying opportunity. It came to Rs 267. We had suggested that Rs 270-280 would be the bottom of this down move. That it has done. It bounced back. Therefore, I would be a buyer here, in fact if Cairn reacts negatively to numbers that would be a buying opportunity."
The share touched its 52-week high Rs 365.90 and 52-week low Rs 267.90 on 17 September, 2012 and 28 March, 2013, respectively. Currently, it is trading 20.13 percent below its 52-week high and 9.09 percent above its 52-week low. Market capitalisation stands at Rs 55,827.24 crore.
Axis Direct recommended hold rating on Cairn India
Mitessh Thakkar of miteshthacker.com is of the vie
Ashish Kyal of Waves Strategy Advisors advises buy
ICICI Direct recommended hold rating on Cairn Indi
The company has reported forex loss at Rs 79 crore