5 days ago
Cummins India Limited (CUMMINSIND) Gets a Sell from UBS
UBS analyst Amit Mahawar maintained a Sell rating on Cummins India Limited (CUMMINSIND – Research Report) on May 29 and set a price target of INR2,740.00. The company's shares closed last Friday at INR3,268.10.
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According to TipRanks, Mahawar is a 2-star analyst with an average return of 8.2% and a 75.00% success rate.
Currently, the analyst consensus on Cummins India Limited is a Moderate Sell with an average price target of INR2,510.00, a -23.20% downside from current levels. In a report released yesterday, Jefferies also maintained a Sell rating on the stock with a INR2,405.00 price target.
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
