Meanwhile, the BSE Sensex was up 37.49 points or 0.19% at 19,454.95.
On BSE, 2,783 shares were traded in the counter as against average daily volume of 4.52 lakh shares in the past one quarter.
The stock hit a high of Rs 322.70 and a low of Rs 320.50 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 26 December 2012, sliding 1.8% compared with the Sensex's 4.75% rise. The scrip had also underperformed the market in past one quarter, declining 4.03% as against Sensex's 4.21% gain.
The large-cap company has equity capital of Rs 1909.90 crore. Face value per share is Rs 10.
US crude oil futures for February 2013 delivery were down 15 cents at $90.83 a barrel in electronic trading today, 27 December 2012. The contract had jumped $2.37 a barrel or 2.67% to settle at $90.98 a barrel on the New York Mercantile Exchange on Wednesday, 26 December 2012, its highest closing level since 18 October 2012. Higher crude oil prices will result in higher realizations from crude sales for oil exploration firms like Cairn India.
United States (US) Democrats and Republicans plan to convene today, 27 December 2012, for talks aimed at avoiding more than $600 billion in tax gains and spending cuts, known as the fiscal cliff, which are scheduled to take effect 1 January 2013. US Treasury Secretary Timothy F. Geithner said he will take "extraordinary measures" to postpone a debt default.
The US fiscal cliff refers to the year-end deadline for the expiration of hundreds of billions of dollars worth of tax cuts and the triggering of $109 billion in across-the-board spending cuts, if the US Congress fails to act. The US Congress created the hazardous deadline of 31 December 2012 in August 2011 when it agreed to a deficit deal as a way out of a deadlock over raising the US debt ceiling. The Congressional Budget Office has estimated the US economy would drop into a recession in the first half of the new year if a deal is not reached.
United States is the world's biggest crude oil consumer.
Meanwhile, the United Arab Emirates (UAE) said it arrested members of a terror cell that was planning attacks on crude-exporting nations. The UAE coordinated with Saudi Arabian officials to arrest members of the terror group who had the equipment for their attacks, according to the official WAM news agency.
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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