Phillip Securities Keeps Their Buy Rating on Cummins India Limited (CUMMINSIND)
In a report released yesterday, from Phillip Securities maintained a Buy rating on Cummins India Limited (CUMMINSIND – Research Report), with a price target of INR3,960.00. The company's shares closed last Friday at INR3,268.10.
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In addition to Phillip Securities, Cummins India Limited also received a Buy from Nomura's Umesh Raut in a report issued yesterday. However, on the same day, Jefferies maintained a Sell rating on Cummins India Limited (NSE: CUMMINSIND).
Based on Cummins India Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR23.16 billion and a net profit of INR4.63 billion. In comparison, last year the company earned a revenue of INR21.85 billion and had a net profit of INR3.54 billion
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