Cairn India surges as crude oil price rises
Higher crude oil prices will result in higher realizations from crude sales for oil exploration firms like Cairn India.
Cairn India has rallied nearly 5% to Rs 323 in otherwise weak market after crude oil prices climbed to multi-month high on report that Western powers prepared for possible military action against Syria over the regime's alleged use of chemical weapons.
Higher crude oil prices will result in higher realizations from crude sales for oil exploration firms like Cairn India.
The stock opened at Rs 308 and hit a low of Rs 307 on BSE. A combined 1.70 million shares change hands on the counter so far on BSE and NSE.
Higher crude oil prices will result in higher realizations from crude sales for oil exploration firms like Cairn India.
The stock opened at Rs 308 and hit a low of Rs 307 on BSE. A combined 1.70 million shares change hands on the counter so far on BSE and NSE.