Hold Cairn India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One should hold on to Cairn India. It is one of the better companies. It is in a trading band but that tells us perhaps a breakout is coming sooner or later. A target of Rs 400 is possible for Cairn India. At current levels you should hold on."

At 12:28 hrs Cairn India was quoting at Rs 334.75, down Rs 7.10, or 2.08 percent. It has touched an intraday high of Rs 342 and an intraday low of Rs 334.65.