Cairn India Ltd
CAIRN

264.65

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

264.35

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

264.50

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Sell
Reco. Price
Rs 245.80

Last updated on 05-Dec-2016

We recommend SELL on the stock on account of lower crude oil realizations and decline in Rajasthan block oil production. Also CAIRN’s merger with Vedanta Ltd is still under negotiations. The stock is trading at a EV/EBITDA of 9.96x in FY16. We target EV/EBITDA of 13x in FY17E. (Target Price: Rs.210)
Detailed View
50 DMA (.)
232.79
100 DMA (.)
213.30
200 DMA (.)
177.67
Weekly Range (.)
244.30
266.10
Monthly Range (.)
215.65
266.10
52 Weeks Range (.)
106.50
266.10
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