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The company is capitalising on opportunities in the domestic market as the export market remains sluggish
CIL’s stellar performance may see a blip in the near term as the new CPCB IV emission norms would see power generator costs spiral by 30-50 per cent
Not only between industries, even within an industry there are pockets of boom and gloom. The K-shaped recovery of the economy can impact consumption going ahead.
There are two core drivers of capex in the near term — the National Infrastructure Pipeline (NIP) and capex plans of the private sector driven by multiple sector-specific factors.
Revival in private capex and strong orders in hand provide visibility to growth
Rich valuations and possible slow growth in earnings could keep the Cummins India stock under pressure
A favorable outcome of the general elections would lead to multiple expansion which can push the Sensex closer to euphoric levels of ~45,000 by the year-end.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 29.5 points or 0.28 percent. Nifty futures were trading around 10,720-level on the Singaporean Exchange.
A rally among PSU banks, energy names as well as IT boosted the market while on the losing front, healthcare, metal, and telecom stocks some bit of selling pressure.
Income from operations during the quarter stood at Rs 1,387.69 crore as against Rs 1,317.42 crore in the year-ago period, up 5.33 percent.
On November 07, 2012 Cummins India Limited sold 1,787,333 shares of KPIT Cummins Infosystems at Rs 125 on the NSE. In the previous trading session, the share closed at Rs 122.80, up Rs 0.60, or 0.49%.
