MUMBAI Goldman Sachs has downgraded Cairn India(CAIL.NS) to 'neutral' from 'buy', citing expectations of flat to declining earnings growth, based on its medium-term outlook of gradual moderation in oil prices.
The investment bank has also removed the stock from its Asia Pacific buy list. (Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)
Trending On Reuters
At least 17 people have been killed by heavy rains and flooding in Assam, while at least 14 people have died in Bangladesh, with millions of people also displaced, officials said on Saturday. Full Article | Video