Cummins India hits record high

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Cummins India jumped 9.27% to Rs 1,123 at 15:25 IST on BSE after net profit fell 0.59% to Rs 210.73 crore on 19.32% rise in total income to Rs 1374.36 crore in Q1 June 2015 over Q1 June 2014.

The result was announced during market hours today, 6 August 2015.

Meanwhile, the S&P BSE Sensex was up 80.46 points or 0.29% at 28,303.54.

On BSE, so far 1.57 lakh shares were traded in the counter as against average daily volume of 16,529 shares in the past one quarter.

The stock hit a high of Rs 1,190, which was also a record high for the stock. The stock hit a low of Rs 1,018.75 so far during the day. The stock had hit a 52-week low of Rs 635 on 5 August 2014.

The stock had outperformed the market over the past one month till 5 August 2015, rising 10.93% compared with Sensex's 0.46% gain. The scrip had also outperformed the market in past one quarter, gaining 19.76% as against Sensex's 2.85% gain.

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

Cummins in India is a group of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, air handling, filtration, emission solutions and electrical power generation systems.

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