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Cummins India Gains 3%; BSE CAPITAL GOODS Index Up 0.5%
Thu, 4 Jul 12:39

Cummins India Gains 3%; BSE CAPITAL GOODS Index Up 0.5%Image source: Nikada/www.istockphoto.com

Cummins India share price has zoomed 3% and is presently trading at Rs 4,093.6.

Meanwhile, the BSE CAPITAL GOODS index is at 74,129.3 (up 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 1.4%) and Carborundum Universal (up 1.4%).

TIMKEN INDIA (down 0.7%) and SKF India (down 0.5%) are among the top losers today.

Over the last one year, Cummins India has moved up from Rs 1,888.7 to Rs 4,093.6, registering a gain of Rs 2,204.9 (up 116.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,540.3 to 74,129.3, registering a gain of 82.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 255.4%), HINDUSTAN AERO. (up 191.6%) and Bharat Electronics (up 155.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,195.6 (up 0.3%).

The top gainers among the BSE Sensex today are HCl Tech. (up 2.7%) and ICICI Bank (up 2.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Motors.

In the meantime, NSE Nifty is at 24,347.0 (up 0.3%). HCl Tech. and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,195.6, registering a gain of 14,990.5 points (up 23.0%).

Cummins India Financial Update...

Cummins India net profit grew 62.8% YoY to Rs 4,523 million for the quarter ended March 2024, compared to a profit of Rs 2,778 million a year ago. Net sales rose 19.9% to Rs 23,190 million during the period as against Rs 19,339 million in January-March 2023.

For the year ended March 2023, Cummins India reported 31.5% increase in net profit to Rs 12,282 million compared to net profit of Rs 9,337 million during FY22. Revenue of the company grew 25.9% to Rs 77,721 million during FY23.

The current Price to earnings ratio of Cummins India, based on rolling 12 month earnings, stands at 76.9.


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