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Goldman Sachs downgrades Cairn India
10 Dec 2012, 12:20 PM IST
Goldman Sachs has downgraded Cairn India to 'neutral' from 'buy', citing expectations of flat to declining earnings growth, based on its medium-term outlook of gradual moderation in oil prices.
The investment bank has also removed the stock from its Asia Pacific buy list.
Copyright: Thomson Reuters 2012
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