Last Updated : Apr 05, 2018 05:51 PM IST | Source:

Buy Cummins India; target of Rs 967: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Cummins India has recommended buy rating on the stock with a target price of Rs 967 in its research report dated March 15, 2018.

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Prabhudas Lilladher's research report on Cummins India

Domestic economy continues to grow largely in areas which are positively benefited through continuing government investments in Infrastructure. In the Powergen segment, HHP is showing signs of an uptick. Data centre, Metro and Large Commercial Real estate are showing traction. Manufacturing and Residential real estate markets are still weak; recovery in both these markets is important to return to growth of 12‐15% in Powergen market.


We remain positive on KKC, given its strong domestic outlook, gradual likely revival of export markets and strong history of delivering on cost rationalization and healthy cash flows. We have cut our earnings by 11% for both FY18 and FY19 to factor in weak margins. We maintain “BUY” with a revised TP of Rs 967.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

First Published on Mar 15, 2018 04:18 pm
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