Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

Sell Cummins India, target Rs 965.0 : Pritesh Mehta

Sell Cummins India Ltd. at a price target of Rs 965.0 and a stop loss at Rs 1040.0 from entry point|
Updated: May 18, 2017, 01.29 PM IST
Pritesh Mehta of IIFL has a sell call on Cummins India Ltd. with a target price of Rs 965.0 .The current market price of Cummins India Ltd. is 999.2 Time period given by analyst is Intra Day when Cummins India Ltd. price can reach defined target. Pritesh Mehta maintains stop loss at Rs 1040.

Cummins India Ltd., incorporated in the year 1962, is a largecap company (having a market cap of ₹ 28203.71 Cr.) operating in Engineering sector.

Cummins India Ltd. key Products/Revenue Segments include Engines (Internal Combustion) which contributed ₹ 2582.47 Cr to Sales Value (54.66 % of Total Sales), Generating Sets which contributed ₹ 911.37 Cr to Sales Value (19.29 % of Total Sales), Spare Parts & Accessories which contributed ₹ 797.27 Cr to Sales Value (16.87 % of Total Sales), Sale of services which contributed ₹ 231.54 Cr to Sales Value (4.90 % of Total Sales), Engines which contributed ₹ 80.40 Cr to Sales Value (1.70 % of Total Sales), Others which contributed ₹ 62.01 Cr to Sales Value (1.31 % of Total Sales), Export Incentives which contributed ₹ 52.84 Cr to Sales Value (1.11 % of Total Sales), Scrap which contributed ₹ 6.39 Cr to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 1324.13 Cr., up 5.93% from last quarter Sales of ₹ 1249.97 Cr. and up 19.62% from last year same quarter Sales of ₹ 1106.94 Cr. Company has reported net profit after tax of ₹ 198.09 Cr. in latest quarter. The company’s CEO is Mr.Anant J Talaulicar. It's Board of Directors include Mr.K Venkata Ramana, Mr.K Venkata Ramana, Mr.Rajiv Batra, Mr.Anant J Talaulicar, Mr.Antonio Leitao, Mr.J M Barrowman, Mr.Mark Andrew Smith, Mr.Nasser Munjee, Mr.Norbert Nusterer, Mr.P M Telang, Mr.P S Dasgupta, Mr.Pradeep Kumar Bhargava, Mr.Rajeev Bakshi, Mr.Venu Srinivasan, Ms.Nicole McDonald, Ms.Suzanne Wells. Company has its registered office at Kothrud, Pune, 411038, Maharashtra. Company has Price Waterhouse as its auditors. As on 31-03-2017, the company has a total of 277,200,000 shares outstanding.
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Disclaimer: This recommendation is analyst's own and does not represent those of & Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service