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Cairn India
Cairn India - Buy
Posted by :
readarticleTracked by: 1 Boarder
The company is good and sitting in huge reserves. Next year will be gold mine compared to what it is today.
but in near term its headed towards 200 levels as crude has fallen down to 100 levels....
In reply to:
Cairn India - Buy
Posted by :
vkk43
I fully endorse your views. Level of 220 is possible in near term. 
Cairn India
Posted by : flashstock05Tracked by: 0 Boarder
Kindly distinguish between nifty supports and nifty buy or sell recommendations. When nifty fluctuates by 2-4% in a day no support of 30-40 points could held. These are only indicative and once the support gone next support has to come. Since we only give key support closer to the closing nifty future range, these would not hold good in case of huge gap down or up or nifty fluctuating 100 points. Due to site load many a times we face problem updating our page during market hours, so datas posted last night remain as it is. Today it was buy recommendation over 4370 which it rallied to 4500+ .....regards flashstock05...
In reply to:
Cairn India
Posted by : Guest
Hi Sir,
Happy that you came back to MMB. Sir but one thing noticed is that even your nifty support predictions and stocks all failing..
It\\`s very sad to see that. You have build good credibility over the years. I sincerely wish that you take that to new levels.
Even when your nifty levels breaks you don\\`t seems to appearing on MMB and providing the updates. What happnd to you sir??
Thanks
Karthik
Cairn India - Buy
Posted by : vkk43Tracked by: 1 Boarder
I fully endorse your views. Level of 220 is possible in near term....
In reply to:
Cairn India - Buy
Posted by :
retrobroker
perfection correlation to crude.. for all the analysts who had given a Buy call at 245.... :)....hard luck... traders can still exit this stock for near term and then reenter at 220 levels..
CAIRN INDIA
Posted by :
vk6495Tracked by: 0 Boarder
As the Crude oil prices have corrected today significantly , so did the Cairn India prices. Now when will an upward trend start in Crude and Cairn. And what will be the target for Cairn....
Cairn India - Buy
Posted by : retrobrokerTracked by: 1 Boarder
perfection correlation to crude.. for all the analysts who had given a Buy call at 245.... :)....hard luck... traders can still exit this stock for near term and then reenter at 220 levels.....
In reply to:
Cairn India - Buy
Posted by : vkk43
Yes I hold the same view for trading purpose, its buying should be around 230/- only so as to get some margin for safety. Crude as per report is likely to come down to 100 $ in short term.
insider story?
Posted by : Ande4uTracked by: 1 Boarder
can any body tell me why this stock is goin down.... while all other in Oil...
Kalwani:Only 4% stock in RETAIL hands
Posted by : viperexpressTracked by: 0 Boarder
I wonder what is the implication of that. Stocks which are heavily owned by promoters are very tricky on charts....
In reply to:
Kalwani:Only 4% stock in RETAIL hands
Posted by : g_kalwani
2 Sept 2008 Only 4% stock in RETAIL hands; retail includes indian corp
and indian public. 96% are waiting for
a kill and have already taken foothold
in Cairn. Kalwani
Cairn India - Buy
Posted by : vkk43Tracked by: 1 Boarder
Yes I hold the same view for trading purpose, its buying should be around 230/- only so as to get some margin for safety. Crude as per report is likely to come down to 100 $ in short term....
In reply to:
Cairn India - Buy
Posted by : retrobroker
sure dat makes sense...plz dnt get me wrong.. i meant from a trading prespective.....a 247 - 248 range buy is on the higher side... and dosent leave much upside for this stock in the near term.......long term sure to outperform....but sure to see a 230 range soon as crude dips below 110$......THIS STOCK FOR NOW.. HAS A PERFECT CORRELATION WITH CRUDE..u can see the charts.. its a pure crude play for now...
Cairn India - Buy
Posted by : retrobrokerTracked by: 1 Boarder
sure dat makes sense...plz dnt get me wrong.. i meant from a trading prespective.....a 247 - 248 range buy is on the higher side... and dosent leave much upside for this stock in the near term.......long term sure to outperform....but sure to see a 230 range soon as crude dips below 110$......THIS STOCK FOR NOW.. HAS A PERFECT CORRELATION WITH CRUDE..u can see the charts.. its a pure crude play for now......
In reply to:
Cairn India - Buy
Posted by : shareviews
Company to start commercial production within an year and as of now it has nothing much to do with crude price movements. Since they are in the final stages of huge revenue generation, the stock price likely to move up in the coming months. Big players will start accumulating a few months prior to the commercial production. Hence as per me what I said makes a lot of sense.
Kalwani:Only 4% stock in RETAIL hands
Posted by : g_kalwaniTracked by: 0 Boarder
2 Sept 2008 Only 4% stock in RETAIL hands; retail includes indian corp
and indian public. 96% are waiting for
a kill and have already taken foothold
in Cairn. Kalwani...
Cairn India - Buy
Posted by : shareviewsTracked by: 1 Boarder
Company to start commercial production within an year and as of now it has nothing much to do with crude price movements. Since they are in the final stages of huge revenue generation, the stock price likely to move up in the coming months. Big players will start accumulating a few months prior to the commercial production. Hence as per me what I said makes a lot of sense....
In reply to:
Cairn India - Buy
Posted by : retrobroker
doesnt make a lot of sense .... Cairn is not a biuy at these levels for long term investors.. it will surely go down to 232 levels as crude keeps falling.. and might jus be arnd 220 levels...soon..so best is not to buy it right now.. however it is a good trading pick at these levels...its been rangebound 240 - 250 for sometime now...if it goes below 240 then it will be in the 230 - 240 range.. Purely a crude play..
Cairn India - Buy
Posted by : retrobrokerTracked by: 1 Boarder
doesnt make a lot of sense .... Cairn is not a biuy at these levels for long term investors.. it will surely go down to 232 levels as crude keeps falling.. and might jus be arnd 220 levels...soon..so best is not to buy it right now.. however it is a good trading pick at these levels...its been rangebound 240 - 250 for sometime now...if it goes below 240 then it will be in the 230 - 240 range.. Purely a crude play.....
In reply to:
Cairn India - Buy
Posted by : shareviews
Buy Cairn India for long term hold.
Cairn India - Buy
Posted by : shareviewsTracked by: 1 Boarder
Buy Cairn India for long term hold....
CAIRN INDIA accumulate @ every dip...
Posted by : HarikrishnanTracked by: 0 Boarder
Shares of the company, on monday (Sep 01), closed at Rs 248.05 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 706439. The share price has seen a 52-week high of Rs 342.50 and a low of Rs 136 on BSE.
The stock has great potential to rise as it showed good improvement in last few trading sessions. It will achieve the target price as the company has healthy growth plans and well-built operating capabilities.
The company’s (Cairn India) Rajasthan fields will create 16% extra oil at 175,000 barrels per day and will contribute over 1/5 of the country’s current domestic oil output, when it starts production during the second half of next year (2009).
The company has submitted a revised growth scheme for Mangala oil field, biggest in the Rajasthan block and has received investment authorization for the second largest field known as ‘Bhagyam.’
Moreover, the company’s remuneration committee, at its meeting held on Jul. 29, 2008, sanctioned the grant of 4,563,423 stock options to the eligible company’s staff.
The committee granted 3,773,856 options under Cairn India Employee Stock Option Plan (CIESOP) 2006 and 789,567 options under Cairn India Performance Option Plan (CIPOP) 2006.
On consolidated basis, the company, for the quarter ended June 30, registered a profit of Rs 1,385.80 million as against the net loss of Rs 714.40 million for the quarter ended June 30, 2007.
The company’s total income surged 65.72% to Rs 4,614.30 million for the quarter.
On the standalone basis, Cairn India’s quarterly loss widened to Rs 466.80 million, as against Rs 75.69 million during the corresponding period of the last year.
The company registered net loss of Rs 0.25 per share during the quarter. Net sales zoomed 2.69 times to Rs 9.70 million, whereas total income for the quarter climbed 2.55 times to Rs 225.80 million, when compared with the prior year period.
...
CAIRN provide spice to Indian market...
Posted by : retrobrokerTracked by: 1 Boarder
and as i said... crude right now is at 110 $.. down almost 5$....I Personally have a sell call on this stock have it at 220 levels and should exit at 245 levels or its going to be bak to 232 levels... again this is purey crude play so take ur call.....
In reply to:
CAIRN provide spice to Indian market...
Posted by : retrobroker
this stock will not hit even 260 this month.. unless gustav wrecks havoc and crude goes over 120$ ....which is possible but again its last high on friday was 256...and it has veryy strong resistance there.. the stock has already rallied frm 220 levels in july to 230 levels in august and this month will be stuck in this 245 - 250 range.. if it goes over 255 sell..as it has major resistance there..also crude shud be bak to 112 levels veryyyy sooon..
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