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
Next year, Dr. Ketan Desai is slated to head the World Medical Association (WMA), guardian of the Hippocratic Oath. The WMA is standing by him, even as he battles conspiracy allegations in two Indian courts. Desai has been facing allegations that he conspired in 2009 to have the Medical Council recommend that a private medical college be allowed to add more students. Full article