As per views of stock market analyst VK Sharma, day traders can purchase
Cairn India stock around Rs 241.30 with a stop loss of Rs 234. The target for the day is above Rs 249.
Mr. Sharma also said that the stock pricing becomes more attractive and can reach above Rs 255, if the stock markets remain positive.
The company’s stock, on Thursday (10 Feb), marked its closure at Rs 242.15 on BSE. The total volume of shares traded was 2568406. The share price also touched an intraday high of Rs 244.95 and an intraday low of Rs 229. The stock has seen a 52-week high of Rs 268.5 and a low of Rs 124 on BSE.