Hold Cummins India, says Rajen Shah

One can hold Cummins India, says Rajen Shah of Angel Broking. They managed to post Rs 27-28 kind of earnings, which is certainly pretty good. Stock is also at about Rs 18-19 P/E multiple and the management has expressed optimism over long-term, he adds.

May 13, 2013 / 12:50 IST

26 Aug, 2025 12:21

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Rajen Shah of Angel Broking told CNBC-TV18, "In Cummins India we need to keep in mind that these numbers are coming in the context of what we are seeing in the economy. It is a severe slowdown. Still they managed to post Rs 27-28 kind of earnings, which is certainly pretty good. Stock is also at about Rs 18-19 P/E multiple. The management has expressed optimism over long-term. So, if I were holding onto Cummins India, I would certainly continue to hold on."

The share touched its 52-week high Rs 550 and 52-week low Rs 406.85 on 09 January, 2013 and 23 May, 2012, respectively. Currently, it is trading 6.51 percent below its 52-week high and 26.39 percent above its 52-week low. Market capitalisation stands at Rs 14,253.62 crore.

first published: May 13, 2013 12:50 pm

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