Buy Cairn India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Cairn India seems to be coming out of a trading range, breaking on the upside and giving us a target that would be as high as Rs 320. Here is a buying opportunity."

He further added, "The banks are doing their own thing and the rest of the market now together is doing its own thing. Cairn is part of the rest of the market. There is more upside here." 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 15.65 percent below its 52-week high and 15.21 percent above its 52-week low. Market capitalisation stands at Rs 58,960.99 crore.