Cummins India shares advanced around 11 per cent in the early trade on Wednesday, a day after the company announced its financial results for the quarter ended December 31, 2019. Minutes later however, the stock pared majority of its gains to trade around 4 per cent higher at Rs 608.50 apiece on the BSE. The stock hit a high of Rs 652.80 in the early deals.
During the quarter under review, net sales (revenue) of the company stood at Rs 1,428 crore, down 2 per cent as compared to Rs 1,463 crore registered in the same quarter last year and grew