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Cairn India inches higher on reporting over three fold jump in Q2 consolidated net profit

23 Oct 2012 Evaluate

Cairn India is currently trading at Rs 341.15, up by 3.35 points or 0.99% from its previous closing of Rs 337.80 on the BSE.

The scrip opened at Rs 340.00 and has touched a high and low of Rs 342.75 and Rs 338.75 respectively. So far 152527 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 400.95 on 22-Feb-2012 and a 52 week low of Rs 284.60 on 22-Nov-2011.

Last one week high and low of the scrip stood at Rs 343.70 and Rs 330.10 respectively. The current market cap of the company is Rs 65162.97 crore.

The promoters holding in the company stood at 58.82% while Institutions and Non-Institutions held 25.14% and 16.04% respectively.

Cairn India has reported a net loss of Rs 25.01 crore for the quarter ended September 30, 2012 as compared to a net loss of Rs 28.30 crore for the same quarter in the previous year. Total income has decreased by 12.69% at Rs 18.58 crore for quarter under review as compared to Rs 21.28 crore for the quarter ended September 30, 2011.

On consolidated basis, the company has posted a rise of 204.34% in its net profit after tax at Rs 2322.18 crore for the quarter ended September 30, 2012 as compared to Rs 763.03 crore for the same quarter in the previous year. Total income of the company has increased by 19.56% at Rs 3879.95 crore for quarter under review as compared to Rs 3245.22 crore for the quarter ended September 30, 2011.

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