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Cummins India Plunges 2%; BSE CAPITAL GOODS Index Down 0.2%
Fri, 28 Jun 13:47

Cummins India Plunges 2%; BSE CAPITAL GOODS Index Down 0.2%Image source: ThinkNeo/www.istockphoto.com

Cummins India share price has plunged 2% and is presently trading at Rs 4,014.3.

Meanwhile, the BSE CAPITAL GOODS index is at 72,465.8 (down 0.2%).

Among the top losers in the BSE CAPITAL GOODS index today are GMR Infra (down 2.4%) and Siemens (down 1.9%).

SCHAEFFLER INDIA (up 2.5%) and AIA Engineering (up 2.1%) are among the top gainers today.

Over the last one year, Cummins India has moved up from Rs 1,869.7 to Rs 4,014.3, registering a gain of Rs 2,144.6 (up 114.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,563.3 to 72,465.8, registering a gain of 83.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 261.7%), HINDUSTAN AERO. (up 184.4%) and Bharat Electronics (up 150.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,246.5 .

The top gainers among the BSE Sensex today are Tata Motors (up 2.4%) and Reliance Ind. (up 2.3%). The most traded stocks in the BSE Sensex are SBI and Tata Steel.

In the meantime, NSE Nifty is at 24,080.1 (up 0.2%). Dr. Reddys and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,246.5, registering a gain of 16,276.5 points (up 25.8%).

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 2023, Cummins India reported 31.5% increase in net profit to Rs 12,282 million compared to net profit of Rs 9,337 million during FY22. Revenue of the company grew 25.9% to Rs 77,721 million during FY23.

The current Price to earnings ratio of Cummins India, based on rolling 12 month earnings, stands at 75.4.


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