Fresh investments in the stock of Cairn India can be considered for intraday trading.

Cairn India is looking too strong at current levels. Buy the stock and see the difference. It will really outperform the stock market. Yesterday the stock marked its closure at Rs 213, up 1.1% on the BSE. The 52-week high of the stock was Rs 230.

If the investors want to take advantage from this stock, buy it around Rs 212. The stop loss is at Rs 211 for a target between Rs 216-219.

Cairn Energy PLC is an independent, public oil and gas exploration and production company based in Edinburgh, Scotland and quoted on the London Stock Exchange.

The company focuses on material chances that are able to provide real growth to the group. The company’s focus on South Asia has already resulted in a number of oil and gas discoveries and still offers the prospect of significant further value creation.