|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
UBS has upgraded Cairn India to neutral from sell, saying a recent correction in the stock has made it fairly priced.
The share has underperformed the main BSE index by 7.7 percent since August, UBS said in a note after the market closed on Wednesday, keeping the price target unchanged at 355 rupees.
However, UBS do not see any positive stock sentiment until a proposed deal by London-listed miner Vedanta to buy a majority stake in Cairn India is completed.
At 10:35 a.m. (0505 GMT), shares of Cairn India were trading 0.58 percent lower at 316.15 rupees in a firm Mumbai market.