Thursday, July 24, 2014

CAIRN TANKS 5% ON POOR NUMBERS, CORPORATE GOVERNANCE

Cairn India which reported poor numbers for Q1 of FY15 has lost around 55 in the opening trade. More than the results what is seen as negative to the stock is the corporate loan ($1.20 billions) extended by the company to a Vedanta group entity. The stock as of now trading around Rs 330, down Rs 15. 

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