Cummins India share price has zoomed 6% and is presently trading at Rs 3,521.0.
Meanwhile, the BSE CAPITAL GOODS index is at 69,778.3 (up 3.5%).
Among the top gainers in the BSE CAPITAL GOODS index today are Siemens (up 6.4%) and ABB (up 4.5%).
Thermax (down 0.9%) and ADANI GREEN ENERGY (down 0.6%) are among the top losers today.
Over the last one year, Cummins India has moved up from Rs 1,871.3 to Rs 3,521.0, registering a gain of Rs 1,649.8 (up 88.2%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 48,608.7 to 69,778.3, registering a gain of 43.6% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 105.3%), Siemens (up 103.1%) and HINDUSTAN AERO. (up 99.6%).
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The BSE Sensex is at 79,969.4 (up 1.1%).
The top gainers among the BSE Sensex today are L&T (up 4.0%) and SBI (up 3.6%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.
In the meantime, NSE Nifty is at 24,201.3 (up 1.2%). ONGC and Bharat Electronics are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 79,969.4, registering a gain of 14,038.7 points (up 21.3%).
Cummins India net profit grew 36.4% YoY to Rs 3,972 million for the quarter ended September 2024, compared to a profit of Rs 2,913 million a year ago. Net sales rose 30.6% to Rs 25,086 million during the period as against Rs 19,216 million in July-September 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 57.8.
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