Cairn India is currently trading at Rs 296.50, up by 3.10 points or 1.06% from its previous closing of Rs 293.40 on the BSE.
The scrip opened at Rs 296.05 and has touched a high and low of Rs 297.25 and Rs 294.70 respectively. So far 39557 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 365.90 on 17-Sep-2012 and a 52 week low of Rs 267.90 on 28-Mar-2013.
Last one week high and low of the scrip stood at Rs 294.85 and Rs 285.10 respectively. The current market cap of the company is Rs 56581.79 crore.
The promoters holding in the company stood at 58.77% while Institutions and Non-Institutions held 25.69% and 15.54% respectively.
As per its new integrated development plan, Cairn India will invest Rs 5,000 crore on its Rajasthan oil fields during 2013-16 in the interest of optimizing the potential of the block at the earliest. Presently, the government garners profit from oil and gas field only after the operator has recovered all of its investment, due to this it is not giving blanket investment nod and only gives approvals for investing upon establishment of a discovery as commercially viable.
Cairn India is primarily engaged in the business of oil and gas exploration, production and transportation. Average daily gross operated production was 205,014 boe in Q3 FY2012-13. The Company sells its oil to major refineries in India and its gas to both PSU and private buyers.
| Company Name | CMP |
|---|---|
| ONGC | 279.25 |
| Oil India | 454.40 |
| Jindal Drilling&Inds | 535.85 |
| Deep Industries | 457.70 |
| Asian Energy Service | 297.85 |
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