INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on Cummins India Ltd
with a target price of Rs 750.0
The current market price of Cummins India Ltd
is Rs 708.5 Time period given by the analyst is Intra Day when Cummins India Ltd
price can reach the defined target
Manas Jaiswal recommended to keep stoploss at Rs 695
Cummins India Ltd., incorporated in 1962, is a largecap company with a market cap of Rs 19639.62 crore.
Cummins India Ltd
key Products/Revenue Segments include Engines which contributed Rs 4768.32 Crore to Sales Value (92.39 % of Total Sales), Sale of services
which contributed Rs 262.02 Crore to Sales Value (5.07 % of Total Sales), Other Operating Revenue which contributed Rs 65.32 Crore to Sales
Value (1.26 % of Total Sales), Export Incentives which contributed Rs 58.39 Crore to Sales Value (1.13 % of Total Sales) and Scrap which
contributed Rs 7.01 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 1296.49 Crore, up 7.52 % from last quarter Sales of Rs
1205.79 Crore and down -.97 % from last year same quarter Sales of Rs 1309.13 Crore Company has reported net profit after tax of Rs 183.00
Dasgupta, Mr.Prakash Telang, Mr.Rajeev Bakshi, Mr.Sandeep Sinha, Mr.Venu Srinivasan, Ms.Suzanne Wells
LLP as its auditoRs As on 30-06-2018, the company has a total of 277,200,000 shares outstanding.
