Cairn India is currently trading at Rs. 319.25, up by 5.65 points or 1.80% from its previous closing of Rs. 313.60 on the BSE.
The scrip opened at Rs. 318.00 and has touched a high and low of Rs. 323.15 and Rs. 316.25 respectively. So far 111809 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 372.00 on 05-Apr-2011 and a 52 week low of Rs. 250.00 on 26-Aug-2011.
Last one week high and low of the scrip stood at Rs. 324.80 and Rs. 306.90 respectively. The current market cap of the company is Rs. 59664.25 crore.
The promoters holding in the company stood at 52.10% while Institutions and Non-Institutions held 14.30% and 33.6% respectively.
Major oil explore, Cairn India has discontinued operations in two blocks in the second quarter ended September 30, because of constant intervention by the Ministry of Defence (MoD).
Force majeure stated by Cairn India in the KG - OSN -2009/3 and MB - DWN -2009/1 blocks, has been accepted by the Directorate General of Hydrocarbons (DGH) in view of the denial of Defence clearances to carry out seismic surveys. After that the operations in the two blocks have been stopped in the July-September quarter. Force majeure is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance occurs beyond the control of the parties.
The company has requested the DGH assurance that it will receive free and continuous access to the entire block and carry out the planned 3D seismic survey for six exploratory wells in initial phase. However, as there was constant intervention by the MoD in both the blocks, the oil major opted for force majeure which the DGH permitted. The company is in the process of seeking environmental clearance to enable acquisition of a 2D survey during the first quarter of 2012.
| Company Name | CMP |
|---|---|
| ONGC | 245.45 |
| Oil India | 507.20 |
| Jindal Drilling&Inds | 744.70 |
| Hind Oil Exploration | 187.30 |
| Deep Industries | 504.55 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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