Cairn India has target of Rs 327: Rajesh Jain

Cairn India has target of Rs 327, says Rajesh Jain, Independent Mkt Strategist.

Jain told CNBC-TV18, "Cairn India is likely to benefit from the rising crude oil prices, aside of that the Reliance-BP  deal would make the outlook for the Cairn-Vedanta deal more positive. Hence I expect the stock to witness fresh  buying. The intraday expectation is Rs 327."

Excerpts from Power Breakfast on CNBC-TV18 Watch the full show »

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The company touched its 52-week high Rs 368.00 and 52-week low Rs 267.40 on 16 Aug, 2010 and 26 Feb, 2010,  respectively. Currently, it is trading -13.27% below its 52-week high and 19.35% above its 52-week low. Market  capitalisation stands at Rs 60,662.00 crore.

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