Meanwhile, the BSE Sensex was up 14.06 points, or 0.08% to 16,753.07.

On BSE, 1.52 lakh shares were traded in the counter as against average daily volume of 6.38 lakh shares in the past one quarter.

The stock hit a high of Rs 343 and a low of Rs 337.60 so far during the day. The stock had hit a 52-week low of Rs 250 on 26 August 2011. The stock had hit a record high of Rs 372 on 5 April 2011.

The large-cap stock had outperformed the market over the past one month till 20 January 2012, gaining 11.42% compared with the Sensex's 10.31% rise. The scrip had also outperformed the market in past one quarter, rising 17.69% as against 1.17% fall in the Sensex.

The company has an equity capital of Rs 1903.08 crore. Face value per share is Rs 10.

Lower crude oil prices will result in lower realization from crude sales for oil exploration firms like Cairn India. Crude oil futures for March 2012 delivery lost 25 cents to $98.08 a barrel in Asian electronic trading today, 23 January 2012. The contract had lost $2.21 a barrel, or 2.19% to settle at $98.33 a barrel on the New York Mercantile Exchange on Friday, 20 January 2012.

Cairn India announces Q3 December 2011 results tomorrow, 24 January 2012. On a consolidated basis, Cairn India's net profit fell 51.9% to Rs 763.03 crore on 1.3% decline in net sales to Rs 2652.20 crore in Q2 September 2011 over Q2 September 2010.

Cairn India is engaged in oil and gas exploration, production and transportation. The company sells its oil to major refineries in India and its gas to both state run and private buyers.