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Moneycontrol.com >> Message Board >> View Messages >> Cairn India
   You are here :     Moneycontrol     MMB    Stocks      Cairn India                         Most active discussions of 2006 , 2007 & 2008
CAIRN INDIA VS RPL (6)   14-Jul-08 11:14Tracked by (0)  
Posted by:   Harikrishnan on ( 14-Jul-08 11:14 )Rating      
Price : BSE: Rs 167.40 ( -0.12 % ), NSE: Rs. 167.10 ( -0.36 % )
CAIRN INDIA is the only SAFE BET in a falling mkt with a RISING CRUDE OIL scenerio.It gives DOUBLE SURAKSHA, first if NIFTY recovers it will also recover, but if Sensex falls because of high inflation due to high crude then also CAIRN gives protection, as high crude price favours CAIRN India only.
Cain India is a good buy option if one buys for long term basis as their current project work is in full swing. It may post good results in log term considering its lowest cost. The report is given by a analyst is as under;
Cairn India Market price Rs242.25 nse 10/07/08
P/E - | Div 0.00 | * EPS (TTM) - | B/V: 165.10
Religare Research has recommended a buy rating on Cairn India with a target price at Rs 314 in its June 16, 2008 research report. \\\\`Best placed in the oil and gas space where oil prices have spiralled to over USD 138/bbl. Plans to start production from oil-rich Rajasthan block from H2CY09 at a peak production rate of over 175,000bopd. Holds a total net reserve base of over 755mmboe. Favourable production sharing terms with the government (100% cost recovery, 7-year tax holiday and lower profit sharing) would augment the bottomline. Laying a pipeline from Mangala to Salaya at a cost of USD 800 million which has received government approval and is expected to be completed by H2CY09.\\\\`
\\\\`SOTP target of Rs 314 assumes long-term oil price of USD 90 per barrel and WACC of 12%. At USD 110, USD 120 and USD 130, the target price comes to Rs 380, Rs 413 and Rs 446 respectively. Thus, we see a huge potential upside if prices remain buoyant and sustain till 2009 and thereafter,\\\\` says Religare\\\\`s research report.
Source: NSE - Cairn India Limited has informed the Exchange regarding the Announcement of Government of Sri Lanka awarding an exploration license block SL 2007 - 01 - 001. A copy of the same shall be available on the NSE website Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-06-06

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News Updates on Cairn India

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