Cummins India Ltd up by 6.94 percent - Traders Corners | Espresso

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Espresso Shot of the Day - Cummins India Ltd up by 6.94 percent

February 09, 2023
Espresso Shot of the Day - Cummins India Ltd up by 6.94 percent

CUMMINS INDIA LTD 1577.70 +102.35 (+6.94%) BSE – INE298A01020 | 09th February 2023

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Cummins India Ltd was incorporated in the year 1962 with the name Kirloskar Cummins Ltd. Kirloskar Oil Engines Ltd and Cummins Company Inc. Columbus USA promoted the company. Cummins India Ltd is a leading manufacturer of diesel and natural gas engines. The company is engaged in the business of manufacturing trading and selling of engines and allied activities. It presently operates in three business segments: Engine Power Systems and Distribution. The Engine Business manufactures engines from 60 HP for low medium and heavy-duty on-highway commercial vehicle markets and off-highway commercial equipment industry spanning construction and compressor.


Recent Drivers

  • On February 8, 2023, Cummins India Ltd reported a quarterly net profit of Rs. 413.80 crores in December 2022, up 65.85% from the Rs. 249.50 crores reported in December 2021.
  • On February 8, 2023, Cummins India Ltd reported a quarterly net sale of Rs. 185.04 crores in December 2022, up 25.31% from the Rs. 1,743.66 crores reported in December 2021.
  • The Board of Directors, at their meeting held on February 08, 2023, declared an Interim Dividend of Rs. 12/- per equity shares for the Financial Year 2022-23.
  • Cummins India will soon start producing fuel-agnostic engine systems at the Tata- Cummins plant in Phaltan in Satara district of Maharashtra, senior officials at Cummins India said on January 12,2023.
  • Global power solutions provider Cummins in collaboration with Tecnimont will help GAIL in setting up a proton exchange membrane electrolyzer for the public sector natural gas company at Vijaipur in Madhya Pradesh, a release said on December 9,2022 The facility, said to be one of India largest, is expected to produce 4.3 tonnes of green hydrogen per day, which will be equivalent to around 10 MW of electrical power generation, it said.
            (Sources: BSE, Money control, Business Standard)


Technical Force*

  • S&P BSE 200 month till date loss by 0.01%.
  • 3 months avg. NSE volume: 658,627
  • Quantity traded: 1,63,652| Deliverable quantity: 32,915 (20.11%)
  • Stock price jumped by more than 70 % from a one-year low level: 907.05 (Feb 9, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 1,618.00| 52-week-low: 907.05


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2333.58

1942.32

1660.33

1269.07

987.08

595.82

313.83

-

Fibonacci Pivot

1942.32

1685.14

1526.25

1423.91

1269.07

1114.22

1011.89

853.00

595.82


Today’s Close

1577.70

SMA

BSE

10 DAY

1447.92

20 DAY

1448.88

50 DAY

1441.56

200 DAY

1229.05


Some Key Ratios (Source: BSE)

Market Cap:  43,733.84 Crores

PE:  43.71

OPM%: 23.66

ROE%:  19.96

Promoters holding%: 51.00

Prev. Close:  1475.35


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.