Cummins India hits record high
** Shares of Cummins India CUMM.NS jump as much as ~3% to
hit record high of 3,133.20 rupees
** Stock ends session 2.6% up at 3,120.65 rupees, 25% higher
than median TP set by 24 analysts, as per LSEG data
** Reuters could not immediately ascertain reason behind the
move
** Avg rating on stock "hold" - LSEG data
** YTD stock up ~59% vs a ~42% climb in 2023
(Reporting by Hritam Mukherjee in Bengaluru)
((Hritam.Mukherjee@thomsonreuters.com;))
Recent news on Cummins India
See all newsCummins India bets on local demand as Middle East conflict clouds exports
UBS lifts Cummins to 'buy' on data center-led growth outlook
Argus hikes Cummins PT on strong long-term demand prospects
Street View: Brokerages bullish on Cummins India on strong power demand, data centre push
Cummins India's quarterly profit rises on strong demand