Cairn India shares up after rise in Dec-quarter profit

MUMBAI Tue Jan 22, 2013 9:33am IST

A Cairn India employee works at a storage facility for crude oil at Mangala oil field at Barmer in Rajasthan August 29, 2009. REUTERS/Parth Sanyal/Files

A Cairn India employee works at a storage facility for crude oil at Mangala oil field at Barmer in Rajasthan August 29, 2009.

Credit: Reuters/Parth Sanyal/Files

Related Topics

Stocks

   

MUMBAI (Reuters) - Shares in Cairn India(CAIL.NS) rose as much as 2.55 percent after Oct-Dec consolidated net profit rose 48 percent to 33.45 billion rupees.

While earnings were about 6 percent ahead of estimates, operating profit and cash flows were broadly in line with estimates, Barclays said in a report.

(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)

FILED UNDER:

REUTERS SHOWCASE

2015: India Outlook

2015: India Outlook

India in 2014: A dream run for markets  Full Article 

Funding Woes

Funding Woes

Co-founder of SpiceJet seeks time to finalise rescue  Full Article 

Flying Back on Course

Flying Back on Course

The inside story of the new Airbus A350 jet  Full Article 

Oil Prices

Oil Prices

Oil rebounds above $62, tracking broader markets  Full Article 

Tracking Gold

Tracking Gold

Gold inches higher on weaker dollar, Asian buying  Full Article 

Cyber Attacks

Cyber Attacks

China condemns cyberattacks, but says no proof N.Korea hacked Sony  Full Article 

Connecting Markets

Connecting Markets

China stock connect scheme scorecard throws up surprises  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage