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Cairn India recovers after 3-day 4.6% slide

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Meanwhile, the Sensex was down 2.65 points or 0.01% at 19,239.35.

On BSE, 3.01 lakh shares were traded in the counter as against average daily volume of 5.04 lakh shares in the past one quarter.

The stock hit a high of Rs 317.85 and a low of Rs 310.85 so far during the day. The stock had hit a record high of Rs 400.95 on 22 February 2012. The stock had hit a 52-week low of Rs 296.10 on 4 June 2012.

The stock had underperformed the market over the past one month till 21 December 2012, sliding 4.7% compared with the Sensex's 4.23% rise. The scrip had also underperformed the market in past one quarter, declining 10.86% as against Sensex's 2.61% gain.

The large-cap company has equity capital of Rs 1909.90 crore. Face value per share is Rs 10.

Shares of had fallen 4.67% in three trading sessions to settle at Rs 312.20 on Friday, 21 December 2012, from a recent high of Rs 327.50 on 18 December 2012.

Cairn India's consolidated net profit jumped 204.3% to Rs 2322.18 crore on 67.5% growth in net sales to Rs 4443.14 crore in Q2 September 2012 over Q2 September 2011.

Cairn India is primarily engaged in the business of oil and gas exploration, production and transportation. The company sells its oil to major refineries in India and its gas to both PSU and private buyers.

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