Cummins India share price has zoomed 3% and is presently trading at Rs 4,093.6.
Meanwhile, the BSE CAPITAL GOODS index is at 74,129.3 (up 0.5%).
Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 1.4%) and Carborundum Universal (up 1.4%).
TIMKEN INDIA (down 0.7%) and SKF India (down 0.5%) are among the top losers today.
Over the last one year, Cummins India has moved up from Rs 1,888.7 to Rs 4,093.6, registering a gain of Rs 2,204.9 (up 116.7%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 40,540.3 to 74,129.3, registering a gain of 82.9% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 255.4%), HINDUSTAN AERO. (up 191.6%) and Bharat Electronics (up 155.5%).
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The BSE Sensex is at 80,195.6 (up 0.3%).
The top gainers among the BSE Sensex today are HCl Tech. (up 2.7%) and ICICI Bank (up 2.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Motors.
In the meantime, NSE Nifty is at 24,347.0 (up 0.3%). HCl Tech. and ICICI Bank are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,195.6, registering a gain of 14,990.5 points (up 23.0%).
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 76.9.
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