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Moneycontrol.com >> Message Board >> View Messages >> Cairn India
   You are here :     Moneycontrol     MMB      Stocks      Cairn India
cairn india a buy (1)   17-Jul-08 06:50Tracked by (0)  
Posted by:   Guest on ( 17-Jul-08 06:50 )
Price : BSE: Rs 224.35 ( -4.88 % ), NSE: Rs. 223.10 ( -5.33 % )
Dear Friends,

Cairn india at 225 it is going at the price that Petronas took stake. Long term investros should hold and day traders can short if they want only to burn their fingers later.
The windfall tax will not materialise as Mukesh has many politicos on his rolls in congress. The cess is not going to be more than 1250 Rs/tonne which is less than 7% of price of oil. Long term oil price to stay at 0per barrel. Hence a clear buy on dips.

regards

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positive outlook
chintu02

11 queries on Cairn India

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