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Cummins India Gains 4%; BSE CAPITAL GOODS Index Up 1.5%
Wed, 12 Jun 10:50

Cummins India share price has zoomed 4% and is presently trading at Rs 3,704.8.

Meanwhile, the BSE CAPITAL GOODS index is at 70,839.0 (up 1.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are Honeywell Automation (up 4.4%) and Carborundum Universal (up 4.0%).

TIMKEN INDIA (down 1.8%) and AIA Engineering (down 0.9%) are among the top losers today.

Over the last one year, Cummins India has moved up from Rs 1,790.3 to Rs 3,704.8, registering a gain of Rs 1,914.5 (up 106.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,203.6 to 70,839.0, registering a gain of 80.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 245.6%), HINDUSTAN AERO. (up 166.1%) and Bharat Electronics (up 145.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,032.9 (up 0.8%).

The top gainers among the BSE Sensex today are HCl Tech. (up 1.6%) and Power Grid Corp. (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,436.2 (up 0.7%). Coal India and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 77,032.9, registering a gain of 14,308.2 points (up 22.8%).

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 69.6.

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