Moneycontrol
Get App
Last Updated : Apr 16, 2020 07:02 PM IST | Source: Moneycontrol.com

Watch: Ideas For Profit | This high quality company comes with a distressed valuation

Cummins India, which manufactures engines, power systems and operates in the distribution segment enjoys huge competitive advantages.


Cummins India, which manufactures engines, power systems and operates in the distribution segment enjoys huge competitive advantages because of the technology from the global parent Cummins.

Cummins India was trading at about Rs 550 or 25 times its fiscal 2020 earnings in January when we raised apprehensions about growth and valuations. But with the recent market crash, the stock recently corrected to about Rs 280 per share.

In this edition of Ideas for Profit,  Moneycontrol's Sakshi Batra will discuss why the stock presents an opportunity for investors.

Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.

First Published on Apr 16, 2020 07:02 pm
Sections
Follow us on