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.
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