Home > Fundamental Analysis, Indian Market News, Market Gossip, Stock Tips > CAIRN INDIA GOOD LONG TERM BUY

CAIRN INDIA GOOD LONG TERM BUY

December 23rd, 2008

Cairn India which dose oil exploration business in India having its main focus on Rajasthan, India has stuck more oil and gas.

 

The company which has the production sharing contract with ONGC for this oil field in which the cairn hold 70%

 

The companies share price has trading between 130-170 in recent times, the market analyst feel the stock is good long term buy.

 

Though the fall crude oil price may act as dampener in the share price movement and the analyst feel the stock can touch 300-320 levels in long term.

 

Investor with the long term can buy the stock for handsome returns

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