cairn india (UBS) Stock in value zone: Reiterate Buy

Event:Vedanta picks up 10.4% stake in Cairn India from Petronas; Impact: Deal has become even more attractive for Vedanta; Action: Buy - Stock is trading less than our bear case scenario; Valuation: Maintain Buy with a PT of Rs 415/share(21% upside)
Date Rating Target Price Recommendation Price Broker house
20 Apr 2011 buy 415 344 UBS Report

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