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Cairn India edges higher despite reporting 53% fall in Q3 consolidated net profit

23 Jan 2015 Evaluate

Cairn India is currently trading at Rs. 239.60, up by 0.90 points or 0.38% from its previous closing of Rs. 238.70 on the BSE.

The scrip opened at Rs. 238.60 and has touched a high and low of Rs. 243.55 and Rs. 235.15 respectively. So far 137061 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 385.00 on 11-Jun-2014 and a 52 week low of Rs. 228.40 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 241.00 and Rs. 230.10 respectively. The current market cap of the company is Rs. 44930.39 crore.

The promoters holding in the company stood at 59.88 % while Institutions and Non-Institutions held 26.04 % and 14.07 % respectively.

Cairn India has reported 62.31`% fall in its net profit at Rs 555.34 crore for third quarter ended December 31, 2014 as compared to Rs 1473.39 crore for the same quarter in the previous year. Total income of the company has decreased 25.38% at Rs 2018.81 crore for Q3FY15 as compared Rs 2705.40 crore for the corresponding quarter previous year.

On the consolidated basis, the company’s net profit declined by 53.20% to Rs 1349.64 crore for the Q3 FY15 as compared to Rs 2884.04 crore in Q3 FY14. The total income dropped 19.77% to Rs 4020.57 crore in the quarter under review as compared to Rs 5011.28 crore in the corresponding quarter previous year.

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Company Name CMP
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Asian Energy Service 306.05
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