Meanwhile, the BSE Sensex was down 71.30 points, or 0.39% to 18,357.31.

On BSE, 1.79 lakh shares were traded in the counter as against average daily volume of 6.94 lakh shares in the past one quarter.

The stock hit a high of Rs 400.95 so far during the day, which is a record high for the counter. The stock hit a low of Rs 390.50 so far during the day. The stock had hit a 52-week low of Rs 250 on 26 August 2011.

The stock had outperformed the market over the past one month till 21 February 2012, rising 13.13% compared with the Sensex's 10.09% gain. The scrip had also outperformed the market in past one quarter, surging 33.78% as against Sensex's 15.57% gain.

The large-cap oil exploration firm has equity capital of Rs 1906.38 crore. Face value per share is Rs 10.

Crude oil futures for April 2012 delivery were down 14 cents to $106.11 a barrel in Asian electronic trading today, 22 February 2012. The contract had surged $2.65 a barrel, or 2.55% to settle at $106.25 a barrel on the New York Mercantile Exchange on Tuesday, 21 February 2012. Higher crude oil prices will result in higher realization from crude sales for oil exploration firms like Cairn India.

On a consolidated basis, Cairn India's net profit rose 12.5% to Rs 2261.93 crore on 12.1% growth in total income to Rs 3510.58 crore in Q3 December 2011 over Q3 December 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.

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