Cairn India advances 1.2% after HC dismisses plea

India Infoline News Service | Mumbai | October 18, 2016 16:22 IST

Delhi HC rejected Cairn India’s plea seeking permission to export surplus crude from Barmer oil fields in Rajasthan. The court said that Cairn can invoke dispute resolution mechanism.

Cairn India Ltd ended at Rs 224.15, up by Rs 2.75 or 1.24% from its previous closing of Rs 221.4 on the BSE. Delhi HC rejected Cairn India’s plea seeking permission to export surplus crude from Barmer oil fields in Rajasthan. The court said that Cairn can invoke dispute resolution mechanism.

The scrip opened at Rs 223.85 and touched a high and low of Rs 225.1 and Rs 220.75 respectively. A total of 3153554 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 41528.13 crore.

The BSE group 'A' stock of face value Rs 10 touched a 52 week high of Rs 231.6 on 06-Oct-2016 and a 52 week low of Rs 106.6 on 19-Jan-2016. Last one week high and low of the scrip stood at Rs 226.9 and Rs 219.95 respectively.

The promoters holding in the company stood at 59.86 % while Institutions and Non-Institutions held 26.18 % and 13.96 % respectively.

The stock traded above its 50 DMA.

***Note: This is a NSE Chart

 

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