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Cummins India Plunges 8%; BSE CAPITAL GOODS Index Down 1.3%
Fri, 2 Aug 10:41

Cummins India Plunges 8%; BSE CAPITAL GOODS Index Down 1.3%Image source: phive2015/www.istockphoto.com

Cummins India share price has plunged 8% and is presently trading at Rs 3,524.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,742.5 (down 1.3%).

Among the top losers in the BSE CAPITAL GOODS index today are Graphite India (down 2.8%) and SCHAEFFLER INDIA (down 2.5%).

V GUARD IND. (up 1.7%) is among the top gainers today.

Over the last one year, Cummins India has moved up from Rs 1,967.2 to Rs 3,524.0, registering a gain of Rs 1,556.8 (up 79.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 44,045.9 to 73,742.5, registering a gain of 67.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 195.0%), HINDUSTAN AERO. (up 138.4%) and Bharat Electronics (up 134.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,071.9 (down 1.0%).

The top losers among the BSE Sensex today are Tata Motors (down 3.7%) and Maruti Suzuki (down 3.6%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,803.7 (down 0.8%). Tata Motors and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,071.9, registering a gain of 14,544.3 points (up 21.9%).

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 66.2.


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