Cummins India slides after parent firm withdraws 2025 financial forecast

Cummins

06/05/2025 07:25

** Shares of Cummins India CUMM.NS fall as much as 7.8% to 2,711 rupees, last down 5.2%

** U.S.-based truck engine maker, Cummins CMI.N, parent firm of CUMM, withdrew its annual forecast on Monday on growing uncertainty generated by U.S. President Donald Trump's import tariffs

** CMI said its international revenue decreased 5% in the March-quarter on lower demand in Latin America and Asia Pacific

** CUMM is set to log worst day in a month

** Stock eyes busiest trading session in three months, volumes at 3.5x the 30-day avg

** CUMM is rated "buy" on avg, media PT at 3,479 rupees - data compiled by LSEG

** Year-to-date, stock down ~10%

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))