Cummins India hits record high on complying with latest emission norms

Cummins India

13/06/2023 09:52

** Shares of Cummins India  CUMM.NS  rise as much as 2.14%
to a record high of 1,828 rupees
    ** Co receives CPCB IV+ emissions compliance from Automotive
Research Association of India (ARAI) for its genset engines
    ** CPCB IV+ emission standards, brought forth by Central
Pollution Control Board, will be effective from July 1
    ** Certification reaffirms readiness to sell gensets
complying with emission norms, says co
    ** Compared to CPCB II standards, the IV+ will lead to 90%
reduction in particulate matter and harmful oxides of nitrogen
    ** The relative strength index rose above 70 on Tuesday,
suggesting the stock may be overbought - Refinitiv data
    ** Trading volume is ~826,000 shares as of 2:09 p.m. IST,
1.1x the 30-day avg 
    ** Avg rating of 25 analysts close to 'buy' with median PT
of 1,648.00 rupees
    ** Stock has risen 33.2% in 2023 so far, compared to 3.2%
rise in Nifty 50  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))