Cummins India has target of Rs 686: Prakash Diwan

Cummins India has target of Rs 686, says Prakash Diwan of Asit C Mehta Investment Intermediates.

Diwan told CNBC-TV18, "Cummins India is distinctly very strongly poised on the engineering side specially the cap goods segment hasn't been very robust as of now but we expect going forward kind of numbers that have been guided and which are expected to come through in the busy quarters of this particular segment look promising enough. It is available at very attractive valuation at this point of time and I would like to buy this for the day with a target of Rs 686, and also put a stoploss of Rs 636."

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