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%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
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 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.
Equitymaster requests your view! Post a comment on "Cummins India Plunges 8%; BSE CAPITAL GOODS Index Down 1.3%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!