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Cummins India Gains 5%; BSE CAPITAL GOODS Index Up 2.3%
Wed, 7 Aug 11:58

Cummins India Gains 5%; BSE CAPITAL GOODS Index Up 2.3%Image source: phive2015/www.istockphoto.com

Cummins India share price has zoomed 5% and is presently trading at Rs 3,684.0.

Meanwhile, the BSE CAPITAL GOODS index is at 71,747.6 (up 2.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are ABB (up 5.0%) and AIA Engineering (up 4.2%).

TIMKEN INDIA (down 2.4%) and Carborundum Universal (down 2.4%) are among the top losers today.

Over the last one year, Cummins India has moved up from Rs 1,743.1 to Rs 3,684.0, registering a gain of Rs 1,940.9 (up 111.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,182.8 to 71,747.6, registering a gain of 66.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 209.6%), HINDUSTAN AERO. (up 148.5%) and Bharat Electronics (up 130.7%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,240.3 (up 0.8%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 3.1%) and JSW Steel (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,226.2 (up 1.0%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,240.3, registering a gain of 13,286.8 points (up 20.1%).

Cummins India Financial Update...

Cummins India net profit grew 37.2% YoY to Rs 3,953 million for the quarter ended June 2024, compared to a profit of Rs 2,882 million a year ago. Net sales rose 4.4% to Rs 23,156 million during the period as against Rs 22,183 million in April-June 2023.

For the year ended March 2024, Cummins India reported 40.1% increase in net profit to Rs 17,206 million compared to net profit of Rs 12,282 million during FY23. Revenue of the company grew 15.8% to Rs 90,002 million during FY24.

The current Price to earnings ratio of Cummins India, based on rolling 12 month earnings, stands at 64.5.


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