Reuters Market Eye - Shares in Cairn India(CAIL.NS) fall 1.7 percent in after its Jan-march earnings lag estimates, dealers say.
Cairn India on Monday said its Jan-March net profit rose 17.1 percent to 25.64 billion rupees versus 21.86 billion rupees in the same quarter last year.
Production of 175000 barrels of oil per day from Rajasthan oil field however removes some investor apprehensions, dealers add.
(Reporting by Abhishek Vishnoi)
Trending On Reuters
The Reserve Bank of India (RBI) kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target for 2017. Full Article