Latest news with #CumminsIndiaLtd
Mint
11-08-2025
- Business
- Mint
Top three stocks to buy today—recommended by Ankush Bajaj for 11 August
On Friday, 8 August, the Indian equity market witnessed a broad-based sell-off. Benchmark indices extended their losing streak amid persistent selling pressure across major sectors. Caution dominated the session as weak global cues and continued institutional profit-booking weighed on sentiment. Top three stock picks by Ankush Bajaj for 11 August: Sarda Energy & Minerals Ltd—Current price: ₹534.95 Why it's recommended: Sarda Energy & Minerals Ltd has a daily RSI at 65, indicating steady bullish momentum. MACD is positive at 26, and ADX at 28 reflects a strengthening trend. After making a new lifetime high, the stock witnessed some profit booking and is now trading at a recent major demand zone. This zone is expected to act as strong support, potentially triggering a rebound from current levels. Key metrics: Demand Zone: Trading near major demand support after lifetime high Pattern: Pullback to support within ongoing uptrend MACD: Positive at 26 RSI: Daily RSI at 65, showing bullish bias ADX: At 28, indicating trend strength Technical analysis: Demand zone support suggests a bounce towards ₹610 Risk factors: A close below ₹498 would weaken the support and warrant caution. Buy at: ₹534.95 Target price: ₹610 Stop loss: ₹498 Global Health Ltd (Medanta)—Current price: ₹1,423.20 Why it's recommended: Global Health Ltd has a daily RSI of 71, showing strong bullish strength. MACD is at 31, and ADX at 35 confirms a robust trending phase. On the daily chart, the stock has broken out of a triangle pattern — a continuation setup often leading to further upside. The breakout is supported by strong momentum indicators, making the stock poised for a move towards ₹1,540. Key metrics: Breakout Zone: Triangle breakout confirmed Pattern: Continuation pattern indicating trend resumption MACD: Positive at 31 RSI: Daily RSI at 71, reflecting strong buying pressure ADX: At 35, confirming trend strength Technical analysis: Breakout suggests further upside towards ₹1,540 Risk factors: A close below ₹1,362 would invalidate the breakout. Buy at: ₹1,423.20 Target price: ₹1,540 Stop loss: ₹1,362 Cummins India Ltd—Current price: ₹3,806.90 Why it's recommended: Cummins India Ltd shows strong momentum with a daily RSI at 76, MACD at 71, and ADX at 31—all confirming bullish dominance. The stochastic oscillator has also given a strong breakout above the ₹3,700 level, turning that zone into a crucial support. Sustaining above this breakout point keeps the bias positive, with potential for an upward move towards ₹3,955. Key metrics: Breakout Zone: Stochastic breakout above ₹3,700 Pattern: Momentum continuation MACD: Strong positive at 71 RSI: Daily RSI at 76, reflecting overbought but powerful uptrend ADX: At 31, indicating strong trend Technical analysis: Sustaining above ₹3,700 supports bullish continuation towards ₹3,955 Risk factors: A close below ₹3,735 would weaken bullish momentum. Buy at: ₹3,806.90 Target price: ₹3,955 Stop loss: ₹3,735 Stock market wrap The Nifty 50 dropped sharply by 232.85 points or 0.95%, ending at 24,363.30, while the BSE Sensex slipped 765.47 points or 0.95%, settling at 79,857.79. The Nifty Bank also closed deep in the red, losing 516.25 points or 0.93% to finish at 55,004.90, reflecting broad weakness in financial counters. Sectoral performance was largely negative. Realty declined 0.45%, Metal fell 0.25%, and Auto dipped 0.20%, highlighting the absence of strong buying support. While Oil & Gas (+0.75%), Healthcare (+0.61%), and PSU (+0.29%) managed to hold marginally higher, the broader tone remained weak. In stock-specific movers, NTPC gained 1.52%, Titan rose 1.30%, and Dr. Reddy's advanced 0.88% on selective buying interest. On the downside, Bharti Airtel plunged 3.33%, Adani Enterprises lost 3.19%, and IndusInd Bank fell 3.08%, contributing significantly to the market's overall decline. Nifty technical analysis—daily & hourly On 8 August, the Nifty closed sharply lower at 24,363.30, losing 232.85 points or 0.95%, marking a clear breakdown and reinforcing the ongoing bearish momentum. This decline also came with a notable deterioration in the technical setup, as the index registered a negative crossover on the daily chart —the 20-day SMA at 24,871 has now crossed below the 40-day EMA at 24,884. This kind of crossover is often seen as a signal that a deeper corrective phase could unfold. At present, the Nifty is trading well below all its key short-term moving averages. On the daily chart, it remains under both the 20-day SMA and 40-day EMA, and on the intraday chart, it is below the 20-hour SMA at 24,486 and the 40-hour EMA at 24,581. The fact that the index has not been able to even test these averages during small intraday recoveries highlights persistent selling pressure and a lack of strong dip-buying interest. As long as the Nifty stays below these levels, the short-term directional bias will remain firmly negative. Momentum indicators continue to paint a weak picture. The daily RSI has fallen to 33, entering oversold territory but without any sign of a reversal. The daily MACD has slipped further to -166, deep in negative terrain, confirming strong bearish momentum. On the hourly charts, the RSI at 35 and MACD at -67 also remain weak, with no bullish divergence visible. This suggests that although the market is oversold in the short term, the weakness is structural, and any bounce is likely to be corrective rather than the start of a sustained uptrend. The derivatives data is in line with this bearish setup. Total Call OI stands at 173.7 million against a much lower Put OI of 83.6 million, resulting in a bearish Put–Call OI difference of -90.1 million. The heaviest Call OI is at the 25,000 strike, indicating strong overhead resistance, while the biggest Call OI addition has come at the 24,500 strike, showing fresh short build-up at this level. On the Put side, the maximum OI is far away at the 22,800 strike, while the highest Put additions are at 24,300—a sign that traders are trying to defend this nearby support, but without much conviction. The change in OI has been heavily skewed, with Call OI rising by 110 million against only 18.6 million on the Put side, keeping the trend bias firmly negative. Overall, the Nifty has entered a decisive bearish phase, with both price action and options data pointing to further downside. The negative crossover of the 20-day SMA below the 40-day EMA adds weight to the bearish case. Until the index reclaims at least 24,500–24,580 on the hourly chart and 24,884 on the daily chart, any move higher is likely to be a short-lived pullback. Immediate support lies at 24,300-24,250, and a break below this could open the gates for a move toward 24,000, where an unfilled gap still exists. For now, the strategy remains to sell on rises toward resistance zones, keeping a stop-loss above 24,880 on a closing basis, and to avoid aggressive longs until the trend shows a confirmed reversal backed by strong volumes. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
08-08-2025
- Business
- News18
Cummins India profit rises 40 pc to Rs 589 cr in Q1
Agency: Last Updated: Mumbai, Aug 8 (PTI) Power solutions provider Cummins India posted a 40 per cent growth in profit after tax (PAT) to Rs 589 crore in the June quarter. The company had delivered a PAT of Rs 420 crore in the year-ago period. Total sales of the company during the quarter under review rose 26 per cent year-on-year to Rs 2,859-crore from Rs 2,262-crore a year earlier, Cummins India said. Of this, domestic sales were Rs 2,336 crore during the reporting quarter as against Rs 1,873 crore in Q1FY25 and exports stood at Rs 523 crore, up from Rs 389 crore in the year-ago period, the company said. 'Cummins India Ltd continues to deliver revenue growth backed by steady demand across markets and better execution of orders. We have achieved record quarterly profit owing to volume leverage and operational efficiencies," said Shveta Arya, Managing Director, Cummins India Ltd. While inflation has eased in India and there is uncertainty around the full impact of global tax and trade policies on the economic landscape in the near to mid-term future, she said the company believes that despite these uncertainties, it sees continued opportunity as the country's economy remains stable due to the government's infrastructure push and recent reductions in interest rates to support growth. Cummins India also said that with a diversified portfolio of products that meet evolving emission norms, the company remains cautiously optimistic about maintaining momentum across domestic and international markets. 'While closely tracking policy developments in India and abroad, we're confident in our ability to adapt and navigate any challenges that may arise," it said. PTI IAS TRB TRB view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
25-06-2025
- Business
- Mint
Stock Picks: Sagar Doshi suggests Coromandel, Cummins India, BHEL shares to buy today
Stock market today: India's key stock indexes began higher on Wednesday, drawing positive momentum from global markets due to improved outlook as tensions in the Middle East subsided following a delicate ceasefire between Israel and Iran. The Nifty 50 gained 0.42%, reaching 25,150.35 points, while the Sensex increased by 0.48% to 82,448.8 as of 9:15 IST. Domestically, both indexes approached their nine-month intraday peaks on Tuesday but faced profit-taking when news of an initial ceasefire breach emerged. Nevertheless, both Iran and Israel indicated that their air conflict has ceased, at least temporarily, after US President Donald Trump publicly reprimanded them for violating the ceasefire he had declared. In the volatile market, Sagar Doshi of Nuvama Professional Clients Group recommends three stocks - Coromandel International Ltd, Cummins India Ltd, and Bharat Heavy Electricals Ltd (BHEL). Here's what he says about the overall market. Nifty 50 ended marginally higher even after a ceasefire news between Iran and Israel as the index saw profit taking in its ongoing monthly expiry week after hitting a fresh 8 month high. Support of 24,800 remained unscathed in volatility of past 2 days. Targets for 500 pt upside have opened up on Nifty 50 as it has reclaimed its resistance of 25,050 last week. Both blends of crude have also been trading over 10% lower from the start of this week allowing further positive rub off effect on Indian markets. Bank Nifty as we'll mirrored its move on Nifty 50 as both indices gave a break on the upside after an inside bar formation earlier this week. A 1000+ points in likely to play out as Bank Nifty closed above the 56,200 resistance on daily and weekly charts on Friday. Support of 55,400 remained unscathed in yesterday's volatility allowing further room for the index to hit all-time highs. On stocks to buy on Wednesday, Sagar Doshi of Nuvama recommended three stocks - Coromandel International Ltd, Cummins India Ltd, and Bharat Heavy Electricals Ltd (BHEL). Coromandel International share price has counter gained over 27% YTD versus a dull market and has yet again given a bullish pole and flag pattern breakout. This breakout also confirms an end to the ongoing 4-week corrective consolidation we saw on charts for targets of new all-time highs on the stock. Cummins India share price has given a breakout from its 1 year corrective trendline. Multiple retests on this breakout now confirm the strength of the same support by a 200 DMA dynamic support indicating the trend to shift upwards. Targets are likely to be 10-12% higher from CMP. BHEL share price has been experiencing strong momentum from the start of this quarter, an inverse head and shoulder formation is seen on weekly charts which is set for a breakout on the bullish side allow prices to gain further from here on as well. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
03-06-2025
- Business
- Mint
Cummins India is upbeat after exports boosted Q4. But competition's heating up.
Cummins India Ltd's standalone Ebitda of ₹520 crore for the March quarter (Q4FY25) represents a 7% year-on-year rise, excluding a one-off cost-saving of ₹60 crore. This growth is subdued when compared with the 27% increase in Ebitda for the nine months ended December (9MFY25). In fact, Cummins's reported Q4FY25 Ebitda is down 4.5% without adjusting for the one-off savings. Yet, the shares are up about 13% since the results were announced last week. Investors seem upbeat about the company's recovery in exports and robust growth outlook across key segments, further aided by cost efficiency. However, competition can dent a part of the margins for Cummins, a manufacturer of diesel and natural gas engines for the power generation, industrial, and automotive sectors. Cummins's FY25 revenue surpassed the milestone of ₹10,000 crore, growing 15% year-on-year. Lower raw material and staff costs meant 17% Ebitda growth to ₹2,100 crore. The management expects to maintain double-digit revenue growth rate in FY26, aided by positive domestic demand outlook and sustained margins (FY25 gross margin: 36%) thanks to cost savings. Strong growth is envisaged from key sectors such as residential realty, commercial reality, infra-related segments, data centers and emerging sectors like quick commerce for their warehousing needs. Further, the industrial segment is expected to benefit from railways ordering traction and momentum in construction. 'We raise our FY26/FY27F Ebitda estimates by 2% as we factor in management's gross margin guidance and focus on cost efficiencies," Nomura Global Markets Research said in a 30 May report. The brokerage estimates Cummins India to report a net profit CAGR of 15% over FY25-28. Also read | Apollo Hospitals' healthy capacity addition to drive future growth Cummins's pricing challenges Cummins' growth prospects are driven mainly by its largest segment—power generation, contributing almost 40% of FY25 sales, and comprising gensets and other similar products. The Central Pollution Control Board of India (CPCB) implemented a change in emission rules from July 2024 in the gensets market called CPCB IV+. Current sales are still at 80-85% of volumes sold under the older rules. This is expected to normalize from Q2/Q3FY26. While several companies have launched CPCB IV+ compliant products leading to stiffer competition, Cummins's management said the company has been able to largely hold on to its pricing. Cummins's FY25 power generation revenue grew by 14% even as it dropped 7% in Q4FY25 on a high base. Industrial segment revenue, contributing 16% of total, was up 29% in FY25, driven by sustained momentum in construction and railways orders. Overall, Cummins's Q4FY25 revenue stood at ₹2,450 crore, up a modest 6% year-on-year on a high base given the pre-buying of CPCB II products in Q4FY24, before the new norms kicked in. Q4FY25 domestic revenue was up just 1%, but exports jumped 39%, led by Latin American and European markets. Also read | Amara Raja's March quarter margin is an irritant. More trouble ahead? Exports, accounting for 17% of FY25 revenue, grew 41% in H2FY25, versus an 18% drop in H1FY25, signalling the worst is over. Exports are facing pressure due to price disruptions caused by dumping from other countries and muted demand due to general economic weakness. Cummins's fourth-quarter gross margin expanded 116 basis points year-on-year, thanks to lower commodity prices and a change in product mix. As things stand, the Cummins stock trades at about 44 times FY26 estimated earnings, showed Bloomberg data. To be sure, post the new CPCB upgrade, the pricing environment remains challenging, accompanied by stiffer competition. In view of this, some such as Motilal Oswal Financial Services reckon their estimates factor in a gross margin of 35% in FY26/27 versus 36% in FY25 as they expect some gross margin contraction after price levels for CPCB IV+ normalize. Increase in commodity prices and uneven exports recovery are other downside risks to watch out for. Also read | Prestige Estates makes room for a better FY26 as approval delays ease
