|Chennai||Rs. 27580.00 (0.18%)|
|Mumbai||Rs. 28700.00 (0%)|
|Delhi||Rs. 27700.00 (0.73%)|
|Kolkata||Rs. 28270.00 (0%)|
|Kerala||Rs. 27050.00 (0.74%)|
|Bangalore||Rs. 27350.00 (1.11%)|
|Hyderabad||Rs. 27660.00 (1.21%)|
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.