Tuesday, October 23, 2012
Cairn India Q2 FY13 Result update
Cairn India stock closed at Rs. 337.75. We have become bullish on Crude for next 2 years perspective and feel Cairn India is best play in India to ride on that theme. We note some regulatory hurdles for Cairn India to ramp up production but we remember Vedanta Group's impeccable track record of wealth creation in Sterlite, Hind Zinc and Sesa goa in past. Currently, Almost after a year we are getting the stock below the price Vedanta group paid to Cairn Plc to acquire the company :-).
Disc: We have vested interest in Cairn India. Personal/Clients holding the stock on the day of writing and we in personal capacity/Clients may trade/buy/sell stock in future.