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Goldman Sachs downgrades Cairn India

The investment bank has also removed the stock from its Asia Pacific buy list.
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Mumbai:

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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