Cummins India Ltd Share Price (CUMMINSIND)

Cummins India Closes at New High - 18 Apr, 2024

Cummins India's stock jumped 2.6% to close at a new high of Rs 3,121, trading above all key moving averages. The stock has been on an upward trend since November 2023 despite intermittent consolidation and correction.

Cummins India Ltd Shares Rise 3.5% This Week - 17 Apr, 2024

Despite earnings growth tracking behind five-year shareholder returns, Cummins India's EPS grew at 16% per year over the past five years, slower than its share price growth of 33%. The market has a higher opinion of the business now, reflected in its high P/E ratio of 55.10. Total shareholder return was 107% in the last twelve months, better than the annualized return of 35% over half a decade.

Cummins India Among Top Picks for Macquarie Equity Research - 12 Apr, 2024

Macquarie Equity Research has named Cummins India Ltd. as one of its top picks among domestic industrial companies, citing the country's multi-year capex upcycle.

Cummins India Ltd Stock Price in Uncharted Territory - 06 Apr, 2024

The trend for Cummins India Ltd stock is up and strong, with no sign of reversal yet. As the stock is in uncharted territory, it's difficult to predict resistance and target levels. It's important to protect profits now.

Cummins India Ltd Delivers 53% Return in Q4FY24 - 05 Apr, 2024

Cummins India Limited delivered a return of 53 percent in Q4FY24, with revenue from operations growing by 16.18 percent and profits increasing from Rs. 360 Crores to Rs. 455 Crores.

Cummins India Shares Gain 50% YTD - 27 Mar, 2024

Anand Rathi predicts a 21% CAGR in net profit for Cummins India over FY24-26, with increased revenue from powergen and distribution exports. The company's shares have gained 50% YTD and 85% in the past year.

Cummins India's Share Price Rises by 45% in Three Months - 26 Mar, 2024

Cummins India's management has reaffirmed double-digit growth over the next two fiscal years, driven by domestic infrastructure spending. Q3FY24 net revenue rose 16% YoY to Rs 2,530 crore, led by robust demand across sectors like data centres, real estate, infrastructure, and manufacturing.

Cummins India Hits All-Time High; Derivative Strategy Recommends Buying Call Option - 22 Mar, 2024

Cummins India's stock has broken out from a four-week consolidation and is trading at an all-time high. A derivative strategy recommends buying the March 2900 CALL option with a target of Rs 100. The primary trend of the stock has been bullish on the weekly chart, indicating consistent upward momentum since November 2023.

Cummins India Shares Rally on Strong Demand Outlook - 21 Mar, 2024

Cummins India's shares hit a record high due to its advantage as the first mover with CPCB IV+ products, HSBC upgrading it to Buy from Neutral, and a healthy demand outlook.