The stock finally settled at Rs 260, up 4%. Around 144,658 shares were traded on the BSE today.
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Updated at 1050 Hrs:
Cummins India has zoomed 37% surge in the net profit for the FY09.
The stock today opened at Rs 263 and then soared to a high of Rs 279.
The scrip is currently trading at Rs 267, up 7%. The counter has witnessed trades of 55,168 shares on the BSE so far.
According to a release issued by the company, the group has posted a net profit after tax of Rs 445.26 crore for the year ended March 31, 2009 as against Rs 325 crore, in the previous year. There has been a 37% surge in the net profit after tax as compared to the previous year.
Total Income has zoomed 31%to Rs 3,650.49 crore for the year ended March 31, 2009 as compared to Rs 2,787 crore.
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