Cairn India shares fall after earnings lag estimates

Tue Apr 23, 2013 12:39pm IST

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

Cairn India employees work at a storage facility for crude oil at Mangala oil field at Barmer in Rajasthan August 29, 2009.

Credit: Reuters/Parth Sanyal/Files

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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)

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