Friday 23 October 2015

Cairn India rises 3% post Q2 results

The Group has posted a net profit of Rs. 6726.70 million for the quarter ended September 30, 2015 as compared to Rs. 22778.80 mn for the quarter ended September 30, 2014.


Shares of Cairn India were higher by 3% at Rs. 158 after the company posted Q2 results.

The Group has posted a net profit of Rs. 6726.70 million for the quarter ended September 30, 2015 as compared to Rs. 22778.80 mn for the quarter ended September 30, 2014. 

Total Income has decreased from Rs. 45683.30 mn for the quarter ended September 30, 2014 to Rs. 27432.80 mn for the quarter ended September 30, 2015.

The scrip opened at Rs. 153.95 and has touched a high and low of Rs. 159.7 and Rs. 152.55 respectively. So far 668982(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 28882.11 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 292 on 27-Oct-2014 and a 52 week low of Rs. 121.25 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 162 and Rs. 151.7 respectively.

The promoters holding in the company stood at 59.88 % while Institutions and Non-Institutions held 23.43 % and 16.69 % respectively.

The stock is currently trading below its 200 DMA.

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