Meanwhile, the BSE Sensex was down 96 points, or 0.54% to 17,734.75.
On BSE, 1.73 lakh shares were traded in the counter as against average daily volume of 6.79 lakh shares in the past one quarter.
The stock hit a high of Rs 388.25 so far during the day, which is a record high for the counter. The stock hit a low of Rs 371.85 so far during the day. The stock had hit a 52-week low of Rs 250 on 26 August 2011.
The stock had outperformed the market over the past one month till 9 February 2012, gaining 13.89% compared with the Sensex's 12.75% rise. The scrip had also outperformed the market in past one quarter, surging 21.86% as against Sensex's 2.7% gain.
The large-cap oil exploration firm has equity capital of Rs 1903.28 crore. Face value per share is Rs 10.
The Cairn India stock had surged 12.01% in five trading sessions to settle at Rs 380.50 on Thursday, 9 February 2012, from a recent low of Rs 339.70 on 2 February 2012. The rally in the stock was driven by higher crude oil prices. Higher crude oil prices will result in higher realization from crude sales for oil exploration firms such as Carin India.
Crude oil futures for March 2012 delivery were down 37 cents at $99.47 a barrel in Asian electronic trading today, 10 February 2012. The contract had gained $1.13 a barrel, or 1.14% to settle at $99.84 a barrel on the New York Mercantile Exchange on Thursday, 9 February 2012, its highest close since 19 January 2012.
On a consolidated basis, Cairn India's net profit rose 12.5% to Rs 2261.93 crore on 12.1% growth in total income to Rs 3510.58 crore in Q3 December 2011 over Q3 December 2010.
Cairn India is engaged in oil and gas exploration, production and transportation. The company sells its oil to major refineries in India and its gas to both state run and private buyers.