Cairn India Limited is an oil and gas company in India. As of now, it is a complete business entity in the country. The company is a listed entity of Bombay Stock Exchange (BSE), India. The listing occurred on 9th of January, 2007. The IPO or initial public offering declared by the company at the time of listing is the largest in its own terms till date in the country’s primary equity markets. It has attracted the traders for its underlying potential in the share market. The corporate office is situated at Gurgaon while the business office is located at Mumbai.
Cairn is engaged in the selling of oil to four key Indian refineries. Currently it is operating the largest producing field in private sector of the country. The entity has shown some fast developments in its functioning in the last few years. Among them the significant ones include:
Discovery of Lakshmi gas field in May 2000 and first production of gas within 29 months.
The operation site Ravva developed 31,300 bopd capacities within a short span of 26 months.
The FDP named Mangala got approved within 30 months from its discovery.
The company has made more than thirty hydrocarbon discoveries.
Currently Cairn is operating in exploration and production positions in 13 blocks in the West & East India. Moreover it has obtained fresh exploration rights elsewhere in Sri Lanka and India.
Cairn India is now busy forming the employee base to support its future goals. It was engaged in employment even during the recent economic slowdown. Currently it houses 902 full time employees (as of 31-03-2009). It has formulated ways to properly upgrade employees and new recruits to its functioning.
In the prominent business analysis journals in the country (of stock & trading arena) it is yet to find a strong place.
In the Indian stock market Cairn India are one of the reliable options for a trader for both long term and short term trading for effective returns.
Sell Cairn India with target of Rs 317 and stop loss of Rs 335, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 331.40, up 0.7% on the BSE.
Buy Cairn India with target of Rs 350 and stop loss of Rs 315, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 327, up 1% on the BSE.
Sell Cairn India with target of Rs 292 and stop loss of Rs 300, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 296.50, down 0.1% on the BSE.
Buy Cairn India June Futures with target of Rs 311-314 and stop loss of Rs 306, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 309.15, up 1.3% on the BSE.
Buy Cairn India June Futures with target of Rs 303-306 and stop loss of Rs 298, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 301.45, up 1.5% on the BSE.