 "Cummins: Near-term headwinds dent investor confidence")
The Cummins stock has lost more than 12 per cent in two trading sessions to Rs 930 levels, and for good reasons. For one, the company’s performance for the quarter ending March (Q4) disappointed on lower exports while declining margins, too, failed to impress. Moreover, the outlook for the export business in FY18 remains soft. And, these could weigh on sentiment in the near-term.
Chairman and Managing Director Anant J Talaulicar, in the results release, said export markets continued to disappoint based on the global economic scenario. “In particular, the demand for our low-kilowatt generators has continued to soften based
