172@29@17@248!~!172@29@0@53!~!|news|business|earnings|ideas-for-profit-what-makes-cummins-india-attractive-despite-booking-the-worst-q1-in-its-history-5934261.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Watch experts decode 'The rise of ESG investing' on October 29 at 4pm. Register Now!
Last Updated : Oct 07, 2020 07:58 PM IST | Source: Moneycontrol.com

Ideas for Profit | What makes Cummins India attractive despite its worst Q1 performance ever?

In this edition of Ideas For Profit, Moneycontrol's Sakshi Batra discusses factors that make Cummins India attractive despite booking the worst Q1 in its history.

The June quarter financial performance of Cummins India was one of the worst in its history. Which is why the hit to the share prices wasn’t unexpected. The stock has been again hammered in the recent market volatility, dropping from levels of about Rs 500 a share to currently around Rs 450 per share.

These are quite attractive levels in terms of the valuations, considering that the worst is behind and the business environment is relatively better or expected to improve in the coming months.

In this edition of Ideas For Profit, Moneycontrol's Sakshi Batra discusses factors that make Cummins India attractive despite booking the worst Q1 in its history.

Close
 
First Published on Oct 7, 2020 07:50 pm
Sections