Cummins India drops after poor Q1 result

Cummins India lost 4.39% to Rs 410.50 at 15:14 IST on BSE after net profit declined 7.95% to Rs 166.19 crore on 13.96% fall in total income to Rs 1116.12 crore in Q1 June 2013 over Q1 June 2012.

The company announced Q1 results during market hours today, 1 August 2013.

Meanwhile, the S&P BSE Sensex was down 38.82 points or 0.2% at 19,306.88

On BSE, 50,047 shares were traded in the counter as against average daily volume of 25,779 shares in the past one quarter.

The stock hit a high of Rs 440 and a low of Rs 403.40 so far during the day. The stock had hit a 52-week high of Rs 550 on 9 January 2013. The stock had hit a 52-week low of Rs 402 on 29 July 2013.

The stock had underperformed the market over the past one month till 31 July 2013, falling 5.74% compared with the Sensex's 0.26% fall. The scrip had also underperformed the market in past one quarter, sliding 15.76% as against Sensex's 0.81% decline.

The large-cap company has equity capital of Rs 55.44 crore. Face value per share is Rs 2.

Cummins India, headquartered in Pune, is India's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets.

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