Cummins India jumps after Citi sees favourable demand outlook

Cummins India

20/11/2025 05:21

** Shares of industrial and automotive engines maker Cummins India CUMM.NS rise as much as 2.66% to 4374.5 rupees apiece; last up 2%

** Citi reiterates "buy" after meeting the management, citing steady demand for power generators from real estate, construction and infrastructure

** Adds future datacenter demand is likely to be steady; Cummins is a major supplier of backup power solutions, diesel and gas generators, which are key for datacenters

** Notes, weakness in co's industrial segment in September quarter is transitory, with potential in railways, defence and marine sectors expected to boost demand

** Maintains CUMM as one of its top picks among India's industrial companies

** Average rating of 24 analysts is "buy"; median PT 4537 rupees, data compiled by LSEG shows

** Shares up 30.2% in 2025 so far vs 7% rise in Nifty Midcap 100 index .NIFMDCP100, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))