Cummins India rises on Q3 profit growth

Cummins India

06/02/2025 04:58

** Cummins India  CUMM.NS  soars as much as 5.8% to 3,090
rupees; set to gain for third straight day
    ** Co, a unit of U.S.-based truck engine maker Cummins
 CMI.N , reports ~12% y/y rise in Q3 consol PAT
    ** Says overall sales up ~22% y/y, which largely included
the sales of engines and power generators
    ** Adds co remains cautiously optimistic about demand
outlook for the near-term
    ** More than 1 mln shares traded vs 30-day avg of 679,642
    ** Stock rated "hold" on avg; median PT is 3,650 rupees -
LSEG
    ** CUMM last up 1.7%, trims YTD losses to 10.8%

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))