Prabhudas Lilladher is bullish on Cummins India has recommended buy rating on the stock with a target price of Rs 1750 in its research report dated May 25, 2023.

Buy Cummins India; target of Rs 1750: Prabhudas Lilladher

Recovery in the end market and improving profitability are expected to support earnings of Cummins

Cummins India: Riding on strong economic revival

MD Ashwath Ram shares his outlook on #Cummins India's production and pricing post CPCB-IV norms. 

Read: https://bit.ly/3WxtRBG

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Cummins India's Ashwath Ram On Production & Pricing Post CPCB-IV Norms | BQ Prime

#Cummins India MD Ashwath Ram speaks about how extensive technology is helping the company stand out against competing players.  

Read: https://bit.ly/3WxtRBG

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Cummins India MD Ashwath Ram On Benefits Of Extensive Technology | BQ Prime

Cummins India clocked revenue from operations at Rs 1933.85 crore, up 28.7 per cent as compared to Rs 1502.12 crore in the fourth quarter of FY22.

Cummins India Q4FY23 Results: Profit zooms 61.3% to Rs 348.91 crore, 650% dividend announced | The Financial Express

Here is what the charts say about the shares of Cummins India, HDFC and Tata Motors

Movers & Shakers: Stocks that will see action this week

Based on the OI percentage, 66 stocks including Cummins India, Atul, Maruti Suzuki India, Piramal Enterprises, and Indraprastha Gas, saw a short build-up.

Trade setup for Thursday: Top 15 things to know before the opening bell

"We are seeing a good base formation around 1550 and price volume surge and follow up buying thereafter is making room for a more upside for Cummins India," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.


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Stock Radar: Buy Cummins India for a target of Rs 1745, says Shivangi Sarda

​​“One of my previous picks was TD Power and I would like to suggest another trade, which is Cummins India. It has already gained 21% this year and is currently trading at 1683. It has been outperforming the benchmark index. One can accumulate it at current levels or on a decline towards 1650.”

‘Market volatility doesn’t deter these top stock picks from energy & auto sectors’

Cummins India, Tata Power, Bharat Forge are the top ‘underperform’ stocks from February.

Here’s Are Jefferies Top ‘Underperform’ Stocks From February

Akzo Nobel India shares would turn ex-dividend today. Akzo Nobel India had announced an interim dividend of Rs 25 per share. Today is also the record date for the same. The dividend will be paid on March 10.

MRF, Natco Pharma, Disa India, Cummins India, Akzo Nobel shares to go ex-dividend today

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Cummins India Limited is a manufacturer of diesel and natural gas engines, generator sets and related services. The Company operates through two segments: Engines and Lubes.