Nitin Tiwari of Religare Capital Markets told CNBC-TV18, "Cairn India is very well placed in this environment with the crude oil prices rising and with currency depreciating, both the factors are moving in Cairn's favour and this is perhaps one stock, which is very well positioned to gain from the situation."
"For a very long time, Cairn hadn't performed basically. So definitely there would be incremental investor interest in the stock given that with currency weakening, there could be earnings per share (EPS) upgrades across the street. Definitely I am positive on Cairn India at these levels," Tiwari said.
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