Cummins India rises; analysts highlights strong quarterly margins

Cummins India

30/05/2025 06:26

** Engine manufacturer Cummins India CUMM.NS up 3% to 3,264 rupees, adds to Thursday's gains

** Co's Q4 results: PAT down 1.7% y/y, comes in above analysts' avg estimates - as per data compiled by LSEG

** Antique Stock Broking highlights CUMM's "stellar margin performance"

** Adds, robust demand in markets like data centers, real estate and infrastructure

** Co benefited from price hikes, cost reductions, improving product mix - analysts

** IDBI Capital says stock a "high conviction pick", co's solid demand commentary and gross margins "key positives"

** Motilal Oswal says core profit margin and PAT outperformed estimate, export demand improving

** Stock rated 'buy' on avg; median PT 3,479 rupees- data compiled by LSEG

** Stock narrows 12-month decline to nearly 9%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))