Apr 22, 2013, 12.02 PM IST | Source: CNBC-TV18

Buy Cairn India, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cairn India.

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cairn India .

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.

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