Expect Cummins India to touch Rs 1150, says Sahil Kapoor

Sahil Kapoor of Edelweiss Financial Services told CNBC-TV18, "From November onwards Cummins India was in a consolidation mode. We call it a rectangle because largely the price was contained between two price bands and it has broken out of that rectangle in the month of May. The current rise is again a retest and getting back on the primary uptrend for the stock. So, it is a clear case of a rectangle breakout in Cummins which should take it to new life highs."

"We are targeting Rs 1,150 on Cummins India. The significant area of support is the previous resistance of Rs 840, so that can be used as a stop loss," he added.