Cummins India

While valuation is not cheap, positive brokerage views to support stock

The company reported record quarterly revenue driven by strong domestic and export revenue coupled with prudent cost management resulting in record quarterly profit.

Engine manufacturer Cummins India standalone profit after tax rose 50 per cent to Rs 360.14 crore in the December quarter of 2022-23 over the same period last year. Cummins India had recorded a profit of Rs 240.97 crore in the third quarter of financial year 2021-22. Total sales for the quarter were Rs 2,144 crore, growing 26 per cent over the total sales of Rs 1,700.67 in Q3FY22. The company said the domestic sales were up 27 per cent at Rs 1,603 crore compared to the same quarter last year while exports sales stood at Rs 541 crore during the reporting quarter, registering an increase of 23 per cent against the same period of the previous fiscal, it said. For the quarter ended December 31, 2022, the company reported record quarterly revenue driven by strong domestic and export revenue coupled with prudent cost management resulting in record quarterly profit, said Ashwath Ram, Managing Director, Cummins India. We continue to see supply chain challenges, especially for specific ...

Easing commodity prices and exports to drive profitability for company, say analysts

Coal India, City Union Bank, Cummins, IDFC First Bank and Piramal Enterprises are the five F&O stocks tha can deliver up to 21 per cent returns in the September series.

Cummins India's stock has gained 27 per cent since its lows in June, helped by a strong first quarter, expectation of improved demand and margin recovery.

According to the technical analyst from Anand Rathi, Cummins India can rally to Rs 1,400 on the upside, while Wipro can target Rs 450.

Cummins India expects the current trend of sustained growth across multiple industries and segments, demand outlook from various end markets to be positive.

According to the technical analyst from Anand Rathi, Cummins India has confirmed a multiyear breakout above the Rs 1,050-level.

At the current price, the stock is trading at 30x its FY23 earnings estimates

Up to 45 per cent of its revenues at risk due to new draft policy

Amara Raja Batteries has been trading with a corrective bias for the last eight months and recently tested the major support zone around Rs 690 levels

Recently, Cummins India's declining trend seems to have been arrested around the 750-mark, which coincided with the '89-EMA' on the daily chart

BPCL's board has approved a final dividend of Rs 58 per share, which includes a one-time special dividend of Rs 35 per equity share

Engines and power equipment maker Cummins India has said the demand in most of the segments that the company caters to has come back strongly

Diesel engine maker projected to benefit as companies planning to build data centres seek power providers

Cummins India said on Monday it has successfully completed BS-IV emission standard certification tests for its wheel equipment at the International Centre for Automotive Technology (ICAT)

Ram said that revival is taking place from a 70-80 per cent decline in demand from the peak level during the lockdown period

The company had posted a PAT of Rs 152.56 crore in the same period last fiscal, Cummins India Ltd said in a regulatory filing

The block deal data on BSE showed that JP Morgan Funds bought over 11.23 lakh shares of TCS at an average price of Rs 2,199 apiece, and the total deal value stood at Rs 246.98 crore.