Latest news with #INR23.16
Business Insider
4 days ago
- Business
- Business Insider
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. Confident Investing Starts Here: 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
Business Insider
5 days ago
- Business
- Business Insider
Nomura Sticks to Its Buy Rating for Cummins India Limited (CUMMINSIND)
In a report released today, Umesh Raut from Nomura maintained a Buy rating on Cummins India Limited (CUMMINSIND – Research Report), with a price target of INR3,800.00. The company's shares closed yesterday at INR3,268.10. Confident Investing Starts Here: Raut covers the Industrials sector, focusing on stocks such as Larsen & Toubro Limited, Afcons Infrastructure Limited, and CG Power & Industrial Solutions Ltd. According to TipRanks, Raut has an average return of 5.8% and a 58.33% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Cummins India Limited with a INR2,510.00 average price target, a -23.20% downside from current levels. In a report released yesterday, Macquarie also maintained a Buy rating on the stock with a INR3,775.00 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
