Shares of Cummins India gained 0.83% as Nifty fell

PratapDarpan

New Delhi: Shares of Cummins India Ltd rose 0.83 percent in the trade at 11:20AM (IST) on Tuesday. About 2,920 shares changed hands over the counter.

Share Rs. 3688.95 and in the session so far closed at Rs. 3708.0 and Rs. The intraday high and low were touched at 3651.0. Company share of Cummins India Limited Rs. 4169.5 to 52 week high and Rs. It touched a 52-week low of 1658.65.

According to BSE, the total market cap of Cummins India Limited at the time of writing this report is Rs. 102346.4 crores.

Chief Financial Officer

For the quarter ended 30-Jun-2024, the company posted Rs. 2419.29 crore reported consolidated net sales, up from the previous quarter’s Rs. 2418.92 crore by 0.02 percent and the year-ago quarter’s Rs. 232 crore was 4.86 percent higher.

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    Net profit in the latest quarter was Rs. 462.61 crore, which is 30.78 percent higher than the same quarter a year ago.

    Shareholding pattern

    As on 30-Jun-2024, DII held 17.82 per cent stake in the firm, while foreign institutional investors held 17.95 per cent and promoters 0.0 per cent.

    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 55.99 and a price-to-book ratio of 12.61. A high P/E ratio indicates that investors are willing to pay a higher price due to better future growth expectations. Price-to-book value indicates a company’s intrinsic value and is a measure of the price that investors are willing to pay even if the business is not growing.

    Cummins India Limited belongs to engine industry.

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