Street View: Brokerages bullish on Cummins India on strong power demand, data centre push

Cummins India

01/06/2026 07:13

** Cummins India CUMM.NS posts a 23% rise in fourth-quarter profit, income from operations up 22%
** Shares down 2.4% at 5,741.5 rupees in morning trading

STREET BULLISH ON GROWTH PROSPECTS, FLAG EXPORT RISKS
** Jefferies ("buy," PT: 7,100 rupees) says data centres should continue to be the sweetener on core growth
"Solar cell manufacturing, pharma, commercial and luxury residential realty, and quick commerce are also driving power gen demand," Jefferies says 
** Citi Research ("buy," PT: 6,700 rupees) says distribution should continue to get a boost in FY27 and beyond, as FY26 growth was driven by higher volumes
** HSBC ("buy," PT: 6,500 rupees) says strong powergen and distribution growth drives profit rise in fourth quarter; expects company to deliver mid-teens earnings growth with solid cash conversion 
** Phillip Capital ("buy," PT: 6,600 rupees) says management commentary continued to indicate robust inquiry pipelines and healthy order visibility despite macro uncertainty
** IDBI Capital ("sell," PT: 5,046 rupees) says outlook on exports remains uncertain especially amid tensions in the Middle East



 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))