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Cummins India Plunges 6%; BSE CAPITAL GOODS Index Down 2.0%
Fri, 19 Jul 15:24

Cummins India Plunges 6%; BSE CAPITAL GOODS Index Down 2.0%Image source: ipopba/www.istockphoto.com

Cummins India share price has plunged 6% and is presently trading at Rs 3,552.9.

Meanwhile, the BSE CAPITAL GOODS index is at 71,502.1 (down 2.0%).

Among the top losers in the BSE CAPITAL GOODS index today are BHEL (down 4.9%) and HINDUSTAN AERO. (down 4.4%).

AIA Engineering (up 1.1%) and Thermax (up 0.3%) are among the top gainers today.

Over the last one year, Cummins India has moved up from Rs 1,900.1 to Rs 3,552.9, registering a gain of Rs 1,652.8 (up 87.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,426.7 to 71,502.1, registering a gain of 72.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 215.7%), HINDUSTAN AERO. (up 151.3%) and Bharat Electronics (up 140.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,523.3 (down 1.0%).

The top losers among the BSE Sensex today are Tata Steel (down 5.2%) and JSW Steel (down 4.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,526.6 (down 1.1%). Tata Steel and BPCL are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,523.3, registering a gain of 13,933.3 points (up 20.9%).

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 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 66.8.


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