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Buy Cummins India Ltd For Target Rs. 4300 By Motilal Oswal Financial Services Ltd Plant visit and interaction takeaways Our recent interaction with the management of Cummins India Ltd (KKC) reinstated that demand has continued to remain strong for the powergen segment from key user industries. Additionally, other segments, such as distribution and industrial, continue to benefit from initiatives taken over the years to enhance customer reach and the overall positive macro environment. The company has transitioned well in the CPCB 4+ norm shift and expects the market to ...
Buy Cummins India Ltd For Target Rs. 4300 By Motilal Oswal Financial Services Ltd
Buy Cummins India Ltd For Target Rs. 4300 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-04 12:09:21 pm
Buy Cummins India Ltd. For Target Rs.4,300 By Motilal Oswal Financial Services Ltd Moving in the right direction across segments Cummins India’s (KKC) 2QFY25 results exceeded our and consensus estimates, with 31%/42%/37% YoY growth in revenue/EBITDA/PAT. Revenue growth was driven by strong YoY growth in the powergen, industrial and distribution segments, while exports remained weak. EBITDA margin expanded to 19.3%. Revenue growth improvement in powergen and industrial segments was far ahead of our estimates, driven by strong demand and price hikes. Export markets h...
Buy Cummins India Ltd. For Target Rs.4,300 By Motilal Oswal Financial Services Ltd
Buy Cummins India Ltd. For Target Rs.4,300 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-11-29 12:59:17 pm
Buy Cummins India Ltd For Target Rs. 4,300 By Motilal Oswal Financial Services Ltd Witnessing a smoother transition to new norms From our recent interaction with the management, Cummins India (KKC) appears to be well positioned to benefit from the change in emission norms for diesel gensets. The CPCB 4+ norms have been in effect since 1 st Jul’24. Contrary to expectations, demand has so far remained strong despite price hikes of 15-35% across nodes. This demand is being led by the refueling of channel inventory with CPCB 4+ gensets. KKC is striving to maintain high...
Buy Cummins India Ltd For Target Rs. 4,300 By Motilal Oswal Financial Services Ltd
Buy Cummins India Ltd For Target Rs. 4,300 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-09-20 06:15:21 pm
Buy Cummins India Ltd Target Rs.4,300 By Motilal Oswal Financial Services Ltd Witnessing a smoother transition to new norms From our recent interaction with the management, Cummins India (KKC) appears to be well positioned to benefit from the change in emission norms for diesel gensets. The CPCB 4+ norms have been in effect since 1 st Jul’24. Contrary to expectations, demand has so far remained strong despite price hikes of 15-35% across nodes. This demand is being led by the refueling of channel inventory with CPCB 4+ gensets. KKC is striving to maintain high...
Buy Cummins India Ltd Target Rs.4,300 By Motilal Oswal Financial Services Ltd
Buy Cummins India Ltd Target Rs.4,300 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd Ltd
2024-09-02 10:45:29 am
Buy Cummins India Ltd For Target Rs. 4,300 By Motilal Oswal Financial Services Ltd Demand remains strong across segments Cummins India (KKC)’s 1QFY25 results exceeded our and consensus estimates, with 4%/37%/33% YoY growth in revenue/EBITDA/PAT. Revenue growth was driven by strong growth in the industrial and distribution segments, while powergen and exports remained weak. EBITDA margin expanded to 20.3%, driven by improved gross margin and consistent cost reductions. The decline in powergen revenue was in line with our estimate; however, industrial and distributio...
Buy Cummins India Ltd For Target Rs. 4,300 By Motilal Oswal Financial Services Ltd
Buy Cummins India Ltd For Target Rs. 4,300 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-08-22 06:10:08 pm
Buy Cummins India Ltd For Target Rs. 4,100 By Motilal Oswal Financial Services Outperformance continues Cummins India’s (KKC) 4QFY24 results exceeded ours and consensus estimates, with YoY growth of 20%/67%/76% in revenue/EBITDA/PAT. Revenue growth was driven by a sharp uptick in the industrial, powergen and distribution segments, while exports remained weak. Adjusted for one-off expenses of INR600m, EBITDA margin improved to 20.9%, driven by improved gross margin and consistent cost reductions. Domestic sales growth remained strong in powergen, with 30% YoY vo...
Buy Cummins India Ltd For Target Rs. 4,100 By Motilal Oswal Financial Services
Buy Cummins India Ltd For Target Rs. 4,100 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-03 02:39:48 pm
Reduce Cummins India Ltd. For Target Rs.2320 By Elara Capital Demand aids transition; normalization next Sales up 16%; revenue growth guidance in double digits in FY24-25 Cummins India (KKC IN) management reaffirmed FY24-25 revenue growth target in the double digits (2x of India’s GDP growth), backed by pickup in domestic infra spend. Q3 net revenue rose 16% YoY to INR 25.3bn, well ahead of estimates, led by robust domestic demand across sectors, such as data centers ...
Reduce Cummins India Ltd. For Target Rs.2320 By Elara Capital
Reduce Cummins India Ltd. For Target Rs.2320 By Elara Capital
Source: Elara Capital
2024-03-26 02:20:04 pm
Cummins India trades higher on the BSE Cummins India is currently trading at Rs. 2597.50, up by 11.85 points or 0.46% from its previous closing of Rs. 2585.65 on the BSE. The scrip opened at Rs. 2603.00 and has touched a high and low of Rs. 2635.20 and Rs. 2546.75 respectively. So far 17222 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2642.45 on 08-Feb-2024 and a 52 week low of Rs. 1481.10 on 18-Apr-2023. Last one week high and low of the scrip st...
Cummins India trades higher on the BSE
Cummins India trades higher on the BSE
Source: Accord Fintech
2024-02-09 10:39:56 am
Cummins India zooms on reporting 21% rise in Q3 consolidated net profit Cummins India is currently trading at Rs. 2578.25, up by 179.05 points or 7.46% from its previous closing of Rs. 2399.20 on the BSE. The scrip opened at Rs. 2544.00 and has touched a high and low of Rs. 2642.45 and Rs. 2429.00 respectively. So far 79739 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2,642.45 on 08-Feb-2024 and a 52 week low of Rs. 1445.00 on 08-Feb-2023. Last one week high and low of the scrip ...
Cummins India zooms on reporting 21% rise in Q3 consolidated net profit
Cummins India zooms on reporting 21% rise in Q3 consolidated net profit
Source: Accord Fintech
2024-02-08 12:26:11 pm
Cummins India trades higher on reporting 23% rise in Q2 consolidated net profit Cummins India is currently trading at Rs. 1728.10, up by 27.85 points or 1.64% from its previous closing of Rs. 1700.25 on the BSE. The scrip opened at Rs. 1718.00 and has touched a high and low of Rs. 1798.45 and Rs. 1692.50 respectively. So far 38160 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1981.15 on 01-Aug-2023 and a 52 week low of Rs. 1305.10 on 09-Nov-2022. Last one week high and low of the scrip st...
Cummins India trades higher on reporting 23% rise in Q2 consolidated net profit
Cummins India trades higher on reporting 23% rise in Q2 consolidated net profit
Source: Accord Fintech
2023-11-08 01:39:49 pm