Cummins India gains on plans to launch low-carbon emission engines

Cummins India

12/01/2023 06:10

** Shares of Cummins India  CUMM.NS  rise as much as 2.94%
to 1,491.7 rupees, most in three weeks since Dec. 21
    ** Trading volume is 3,57,079 shares, as of 11:27 a.m. IST,
0.6x the 30-day avg of 5,84,220 shares
    ** The company announced on Wednesday it will start
producing fuel-agnostic engine systems by end of 2023 and
commercially roll out its platform in a year, at the Auto Expo
2023 event
    ** The company also unveiled its low-to-zero emission
products at the event
    ** Of the 25 analysts tracking the company, 14 maintain
"buy", five suggest "sell" and six maintain "hold"; median TP is
1,400 rupees - Refinitiv data 
($1 = 81.6325 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))