English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    Cummins India: Growth delayed, but valuations turn attractive

    Cummins is making efforts to piggyback on sectors that are relatively insulated from the stress in the industry such as railways, highway constructions and oil & gas

    Jitendra Kumar Gupta
    October 07, 2020 / 08:09 PM IST
    Cummins India: Growth delayed, but valuations turn attractive

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights - Partial recovery in the domestic market to support growth - Growth in railways, construction and few other sectors to compensate this year - Focusing on cost optimisation, conservation of cash and working capital - Valuations look attractive, offering 4 percent dividend yield The June-quarter financial performance of Cummins India (CMP: Rs 452, MCap: Rs 12,521 crore)  was one of the worst in its history, and so the hit to the share price wasn’t unexpected. The stock has been hammered again in the...

    • PRO Panorama

      Moneycontrol Pro Panorama | Banking fragility and the heavy hand of the State

      Mar 24, 2023 / 02:00 PM IST

      In today’s edition of Moneycontrol Pro Panorama: Fed's pause a clue to investors, layoffs a sign of structural slowdown in busin...

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender: Between the Fed and a hard place

      Mar 11, 2023 / 11:38 AM IST

      The Fed is caught between combating inflation and worries over a financial mishap

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers