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    HomeNewsBusinessMoneycontrol ResearchCummins India: Back on growth path; expensive valuation tempers excitement

    Cummins India: Back on growth path; expensive valuation tempers excitement

    Overall revenue visibility in Cummins India remains strong in light of a strong pick-up in the domestic economy

    Jitendra Kumar Gupta
    August 12, 2022 / 18:36 IST
    Sansera Engineering | CMP: Rs 714 | The scrip fell over 7 percent after the company said one of its clients recalled Rs 3,066-crore order that was placed in April. “Regarding business contract from a leading North American OEM for development, manufacturing and supply of connecting rods starting July 2025, we would like to inform you that basis recent review of business plan/strategy, our customer has decided to drop this project, consequent to which, the contract awarded to us by the aforesaid OEM stands withdrawn,” Sansera Engineering said in a regulatory filing on July 26.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More