The stock is also drawing close to the trough of Rs 250 formed in August 2011. Both medium- as well as long-term investors should stay alert in the zone between Rs 240 and Rs 260.

New Delhi: Cairn Oil & Gas is looking for partnering with a global exploration and production company for its foray into deepwater and ultra-deepwater explorations, according to a top executive.

Cairn India and its joint venture partner ONGC have drawn up a 10-year roadmap for development of their Barmer hydrocarbon block in Rajasthan.