Reuters: Money News: Kotak upgrades Cairn India; shares gain

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Kotak upgrades Cairn India; shares gain Apr 1st 2013, 05:06 Reuters Market Eye - Shares in Cairn India Ltd gain 2.2 percent after Kotak Institutional Equities upgraded the stock to "buy" from "add" and kept its target price of 340 rupees, saying the current price provides a good entry point as valuations and expectations have turned reasonable.

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