Meanwhile, the BSE Sensex was down 221.17 points or 1.26% to 17,267.97.

On BSE, 1.31 lakh shares were traded in the counter as against average daily volume of 11.98 lakh shares in the past one quarter.

The stock hit a high of Rs 315.25 and a low of Rs 309 so far during the day. The stock had hit a record high of Rs 400.95 on 22 February 2012. The stock had hit a 52-week low of Rs 250 on 26 August 2011.

The stock had underperformed the market over the past one month till 11 July 2012, falling 2.79% compared with the Sensex's 4.93% rise. The scrip had also underperformed the market in past one quarter, declining 10.16% as against Sensex's 1.68% rise.

The large-cap company has an equity capital of Rs 1907.87 crore. Face value per share is Rs 10.

US crude oil futures for August 2012 delivery were down 30 cents at $85.51 a barrel in electronic trading today, 12 July 2012. The contract had surged $1.90 a barrel or 2.26% to settle at $85.81 a barrel on the New York Mercantile Exchange on Wednesday, 11 July 2012, its highest closing level since 9 July 2012. Higher crude oil prices will result in higher realization from crude sales for oil exploration firms such as Cairn India.

US crude supplies slid 4.7 million barrels last week, the Energy Department said on Wednesday, 11 July 2012. The crude stockpiles fell the most since December 2011, the report showed.

Cairn India's consolidated net profit fell 11% Rs 2186.23 crore on 0.1% decline in net sales to Rs 3651.34 crore in Q4 March 2012 over Q4 March 2011. The company unveils Q1 June 2012 results on 23 July 2012.

Cairn India is primarily engaged in the business of oil and gas exploration, production and transportation. The company's average daily gross operated production was 1,72,887 barrels of oil equivalent (boe) in financial year ended March 2012 (FY 2012). The company sells its oil to major refineries in India and its gas to both PSU and private buyers.