Cummins India jumps on Q1 profit surge

Cummins India

07/08/2024 08:30

** Shares of Cummins India  CUMM.NS  up 8% to 3,803.9 rupees
    ** Stock eyes best day since early Feb. 
    ** The power generator maker's Q1 profit surged 31% on
strong domestic demand 
    ** Over 2.4 mln shares traded, 2.6x the 30-day avg 
    ** Analysts' avg rating on stock is "Hold", median PT is
3,235 rupees, an 8% discount on last close, per LSEG data 
    ** Including session's gains, stock is up ~94% YTD vs ~23%
rise in the Nifty mid-cap index  .NIFMDCP100  



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))