Meanwhile, the BSE Sensex was down 90.83 points, or 0.47%, to 19,105.51.

On BSE, 99,116 shares were traded in the counter compared with the average volume of 2.25 lakh shares in the past one quarter.

The stock hit a high of Rs 340.50 and a low of Rs 331.60 so far during the day. The stock had hit a record high of Rs 368 on 16 August 2010 and a 52-week low of Rs 248 on 5 February 2010.

The large-cap stock had outperformed the market over the past one month till 11 January 2011, gaining 0.21% compared with the Sensex's 1.60% fall. It had also outperformed the market in past one quarter, falling 4.51% as against 5.62% decline in the Sensex.

The company has an equity capital of Rs 1900.74 crore. Face value per share is Rs 10.

Rise in crude oil prices would result in higher realizations from crude sales for oil exploration firms such as Cairn India. Light, sweet crude oil gained $1.86 or 2.1%, to settle at $91.11 a barrel on Tuesday, 11 January 2011, due to steady dollar and concerns on supply disruptions due to a leakage discovered at Trans-Alaska pipeline.

Energy agency's forecast of crude prices for the full year also boosted prices. Energy Information Administration (EIA) raised its forecast for oil prices this year. The agency said late Tuesday that it expects crude oil trading in New York to average $92 a barrel in the first quarter of the year and $93 for all of 2011. The EIA had earlier forecast oil prices at $89 a barrel in its December 2010 outlook. The agency sees oil averaging $98 a barrel in 2012.

Oil extended gains in the Asian electronic trade on Wednesday, 12 January 2011. It was up 12 cents or 0.13% to $91.23 a barrel.

Cairn India's consolidated net profit jumped 237.6% to Rs 1585.08 crore on 1069.1% rise in net sales to Rs 2686.42 crore in Q2 September 2010 over Q2 September 2009.