Recently, Cummins India's declining trend seems to have been arrested around the 750-mark, which coincided with the '89-EMA' on the daily chart
BPCL's board has approved a final dividend of Rs 58 per share, which includes a one-time special dividend of Rs 35 per equity share
Engines and power equipment maker Cummins India has said the demand in most of the segments that the company caters to has come back strongly
Diesel engine maker projected to benefit as companies planning to build data centres seek power providers
Cummins India said on Monday it has successfully completed BS-IV emission standard certification tests for its wheel equipment at the International Centre for Automotive Technology (ICAT)
Ram said that revival is taking place from a 70-80 per cent decline in demand from the peak level during the lockdown period
The company had posted a PAT of Rs 152.56 crore in the same period last fiscal, Cummins India Ltd said in a regulatory filing
The block deal data on BSE showed that JP Morgan Funds bought over 11.23 lakh shares of TCS at an average price of Rs 2,199 apiece, and the total deal value stood at Rs 246.98 crore.
June quarter washout could keep FY21 muted
The management said the already weak business outlook has worsened, due to the COVID-19 situation impacting the entire global supply chain
Weak exports and sluggish capex cycle suggest that there would be some near-term pain
During the quarter under review, net sales (revenue) of the company stood at Rs 1,428 crore, down 2 per cent YoY.
Likely to be effective from 2022, analysts at IIFL say Cummins India is ahead of the curve to cater to these products
New emission norms to further add to demand challenges
So far in 2019, the stock has tumbled 11.3 per cent as against a 17 per cent fall in the BSE Auto Index.
Exports may stay on weak footing despite leadership position
While the management has guided for 10-15 per cent growth in India business, exports may stay on a weak footing
Valuation of 26 times its FY20 earnings estimates looks attractive
The stock surged 14% to Rs 769 on the BSE after the company reported a better-than-expected 39% Y-o-Y jumped in net profit at Rs 2.12 billion in September quarter, on back of higher revenue.
Growing demand for cleaner fuel, expanding network important earnings drivers