Cummins India surges 25% in one month; nears record high on healthy outlook

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

Shares of Cummins India hit an over six-year high of Rs 1,209.15, up 4 per cent on the BSE in Thursday’s intra-day trade on a healthy business outlook. In the past one month, the stock has rallied 25 per cent compared to a 6 per cent rise in the S&P BSE Sensex. It was trading close to its record high of Rs 1,247 touched on August 7, 2015.

Cummins India is engaged in the business of manufacturing, trading and selling of engines and allied activities. For the year ended March 31, 2022 (FY22), the company had reported record sales