Vishal Malkan of malkansview.com told CNBC-TV18, "Cairn India has been trading into a range since last quarter between Rs 300 and Rs 340 and I see some upside move once it crosses that Rs 340 on a closing level. Definitely hold the shares which one is already holding and one can add on to the position if it goes above Rs 340 and see higher targets of more than Rs 400 if it sustains above that."
The share touched its 52-week high Rs 349.90 and 52-week low Rs 267.90 on 22 January, 2013 and 28 March, 2013, respectively.
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