Stock market analysts have maintained ‘buy’ rating on Essar Oil stock with an intraday target of Rs 238.
According to them, interested traders can purchase the stock above Rs 234 with a strict stop loss of Rs 230. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 244.
Shares of the company, on Friday (Aug 08), closed at Rs 233.75 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 3350978. The share price has seen a 52-week high of Rs 360 and a low of Rs 48 on BSE.
New Delhi-headquartered Shiv-Vani Oil & Gas Exploration Services has bagged an order worth Rs 1,610 crore from state-run Oil and Natural Gas Corporation (ONGC) for deployment of eight onshore deep drilling rigs.
The contract is for deployment of one 3000 Hp rig and seven 1500-2 000 Hp rigs and includes deep drilling and integrated services like cementation, directional drilling and mug engineering.
Under the deal, the company would deploy two rigs in Tripura, four rigs in Assam and two rigs in Rajahmundry.
Karvy Stock Broking Limited has maintained ‘Buy’ rating on Cairn India stock with an intraday target of Rs 250.
According to Karvy, day traders can purchase the stock between Rs 232-234 with a strict stop loss of Rs 226. The stock pricing becomes more attractive, and reach above Rs 252, if the stock market remains on positive track.
Shares of the company, on Tuesday (August 06), closed at Rs 237.15 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1221278. The share price has seen a 52-week high of Rs 342.50 and a low of Rs 134.60 on BSE.
Wellington - Big oil companies were cleared of suspicion of running an illegal anti-competitive cartel in an independent investigation into New Zealand petrol pump prices released Thursday.
The report showed that the New Zealand petrol market was "fundamentally competitive," said Commerce Minister Lianne Dalziel, who commissioned the study after angry motorists' complaints about a 30-per-cent increase in prices within five months.
The price of the most popular 91-octane petrol reached 2.18 New Zealand dollars (about 1.57 US dollars) a litre last month in New Zealand cities, a rise of 60 per cent since January 2007.
intraday target of Rs 238. 
- The price for crude oil produced by the Organization of the
bagged an order worth Rs 1,610 crore from state-run Oil and Natural Gas Corporation (ONGC) for deployment of eight onshore deep drilling rigs.
with an intraday target of Rs 250.
