Meanwhile, the S&P BSE Sensex was down 289.04 points or 1.49% at 19,174.78.
On BSE, 1.13 lakh shares were traded in the counter as against average daily volume of 1.93 1.92 lakh shares in the past one quarter.
The stock hit a high of Rs 299 and a low of Rs 289.75 so far during the day. The stock had hit a 52-week high of Rs 365.90 on 17 September 2012. The stock had hit a 52-week low of Rs 267.90 on 28 March 2013.
The stock had outperformed the market over the past one month till 2 July 2013, surging 3.68% compared with the Sensex's 1.5% fall. The scrip had, however, underperformed the market in past one quarter, gaining 0.54% as against Sensex's 2.22% rise.
The large-cap company has equity capital of Rs 1910.29 crore. Face value per share is Rs 10.
Shares of Cairn India had jumped 7.91% in four trading sessions to settle at Rs 295.80 on Tuesday, 2 July 2013, from a recent low of Rs 274.10 on 26 June 2013, triggered by the recent steep surge in crude oil prices. US crude oil futures for August 2013 delivery were up $1.63 a barrel at $101.23 a barrel in the electronic trading today, 3 July 2013. The contract had surged $1.61 a barrel or 1.64% to settle at $99.60 a barrel on the New York Mercantile Exchange on Tuesday, 2 July 2013, its highest closing level since May 2012.
Cairn India's consolidated net profit rose 17.3% to Rs 2563.60 crore on 19.5% growth in net sales to Rs 4363.36 crore in Q4 March 2013 over Q4 March 2012.
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 public sector units and private buyers.
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