Cummins India Plunges 3%; BSE CAPITAL GOODS Index Down 0.9%
Tue, 17 Dec 15:9
Image source: phive2015/www.istockphoto.comCummins India share price has plunged 3% and is presently trading at Rs 3,552.1.
Meanwhile, the BSE CAPITAL GOODS index is at 72,664.1 (down 0.9%).
Among the top losers in the BSE CAPITAL GOODS index today are Finolex Cables (down 3.5%) and SCHAEFFLER INDIA (down 3.1%).
V GUARD IND. (up 0.1%) is among the top gainers today.
Over the last one year, Cummins India has moved up from Rs 1,964.2 to Rs 3,552.1, registering a gain of Rs 1,588.0 (up 80.8%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 53,672.3 to 72,664.1, registering a gain of 35.4% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Siemens (up 98.0%), Bharat Electronics (up 91.0%) and Thermax (up 77.1%).
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What About the Benchmark Indices?
The BSE Sensex is at 80,712.0 (down 1.3%).
The top losers among the BSE Sensex today are Bharti Airtel (down 2.9%) and Indusind Bank (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..
In the meantime, NSE Nifty is at 24,347.3 (down 1.3%). Shriram Transport and Grasim Industries are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 69,584.6 to 80,712.0, registering a gain of 11,127.4 points (up 16.0%).
Cummins India Financial Update...
Cummins India net profit grew 36.4% YoY to Rs 3,972 million for the quarter ended September 2024, compared to a profit of Rs 2,913 million a year ago. Net sales rose 30.6% to Rs 25,086 million during the period as against Rs 19,216 million in July-September 2023.
For the year ended March 2024, Cummins India reported 40.1% increase in net profit to Rs 17,206 million compared to net profit of Rs 12,282 million during FY23. Revenue of the company grew 15.8% to Rs 90,002 million during FY24.
The current Price to earnings ratio of Cummins India, based on rolling 12 month earnings, stands at 58.3.
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