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Thursday, 13 April 2017


The pair Cairn India and Vedanta Limited were buzzing owing to their merger. However, it can be seen that the merger could not cheer the shareholders.

Stock of Cairn India Limited is in the negative territory in  Thursday’s trading session. The stock is trading near its intraday low of Rs 296.8 per share, down by nearly 4%.

However, the stock had hit 52-week high of Rs 313.05 per share on April 12, 2017.

Stock of Vedanta Limited is also showing weakness on the bourses. The stock touched its intraday low of Rs 245 per share, down by nearly 5%.

Cairn India and Vedanta, both the stocks were trading firm in Wednesday’s trading session with nearly 80% and 60% of deliverable quantity to traded quantity respectively.

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