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Buy Cummins India, target Rs 740: Dr CK Narayan

Buy Cummins India Ltd. at a price target of Rs 740 and a stoploss at Rs 715 from entry point.

ETMarkets.com|
Updated: Sep 19, 2018, 10.01 AM IST
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Dr CK Narayan of Chart Advise has a buy call on Cummins India Ltd. with a target price of Rs 740. The current market price of Cummins India Ltd. is Rs 724.05. Time period given by the analyst is Intra Day when Cummins India Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 715. Cummins India Ltd., incorporated in 1962, is a largecap company with a market cap of Rs 19916.82 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 Crore in latest quarter. The company’s top management includes Mr.Antonio Leitao, Mr.J M Barrowman, Mr.Mark Levett, Mr.Nasser Munjee, Mr.Norbert Nusterer, Mr.P S Dasgupta, Mr.Prakash Telang, Mr.Rajeev Bakshi, Mr.Sandeep Sinha, Mr.Venu Srinivasan, Ms.Suzanne Wells. Company has S R B C & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 277,200,000 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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