Cummins India sinks to 9-month low as Q2 profit drops

Cummins India

05/11/2026 07:28

** Cummins India CUMM.NS plunges as much as 14.7% to nine-month low of 4,031.2 rupees; last down about 12%
** Second-biggest pct loser on Nifty 500 index .NIFTY500, which is up 1.8%
** Co's Q2 profit drops 18.5%, revenue rises 4%
** Q2 profit was 25% below its estimate, due to sharp contraction in gross margin - Citi Research 
** Shares of power solutions co also weighed by global selloff in AI data centre-linked stocks
** More than 4 million shares traded so far, about 9x 30-day average daily volume
** CUMM rated "buy" on average by 21 brokerage firms, median PT at 6,086 rupees, per data compiled by LSEG
** YTD, stock down 6.2%

(Reporting by Vivek Kumar M)
((VivekKumar.M@thomsonreuters.com;))