Buy Cummins India, target Rs 715: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Cummins India Ltd. with a target price of Rs 715. The current market price of Cummins India Ltd. is Rs 667.55 Time period given by the analyst is Intra Day when Cummins India Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 647.
Cummins India Ltd., incorporated in 1962, is a largecap company with a market cap of Rs 18504.49 crore. Cummins India Ltd. key Products/Revenue Segments include Engines which contributed Rs 5197.01 Crore to Sales Value (95.73 % of Total Sales), Sale of services which contributed Rs 112.51 Crore to Sales Value (2.07 % of Total Sales), Other Operating Revenue which contributed Rs 57.78 Crore to Sales Value (1.06 % of Total Sales), Export Incentives which contributed Rs 54.34 Crore to Sales Value (1.00 % of Total Sales) and Scrap which contributed Rs 7.11 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 1205.79 Crore, down -8.54 % from last quarter Sales of Rs 1318.43 Crore and up 4.34 % from last year same quarter Sales of Rs 1155.60 Crore Company has reported net profit after tax of Rs 161.22 Crore in latest quarter. The company’s top management includes Mr.Antonio Leitao, Mr.J M Barrowman, Mr.Mark A Levett, Mr.Nasser Munjee, Mr.Norbert Nusterer, Mr.P M Telang, Mr.P S Dasgupta, Mr.Pradeep Kumar Bhargava, Mr.Rajeev Bakshi, Mr.Sandeep Sinha, Mr.Venu Srinivasan, Ms.Nicole McDonald, Ms.Suzanne Wells. Company has S R B C & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 277,200,000 shares outstanding.
Cummins India Ltd., incorporated in 1962, is a largecap company with a market cap of Rs 18504.49 crore. Cummins India Ltd. key Products/Revenue Segments include Engines which contributed Rs 5197.01 Crore to Sales Value (95.73 % of Total Sales), Sale of services which contributed Rs 112.51 Crore to Sales Value (2.07 % of Total Sales), Other Operating Revenue which contributed Rs 57.78 Crore to Sales Value (1.06 % of Total Sales), Export Incentives which contributed Rs 54.34 Crore to Sales Value (1.00 % of Total Sales) and Scrap which contributed Rs 7.11 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 1205.79 Crore, down -8.54 % from last quarter Sales of Rs 1318.43 Crore and up 4.34 % from last year same quarter Sales of Rs 1155.60 Crore Company has reported net profit after tax of Rs 161.22 Crore in latest quarter. The company’s top management includes Mr.Antonio Leitao, Mr.J M Barrowman, Mr.Mark A Levett, Mr.Nasser Munjee, Mr.Norbert Nusterer, Mr.P M Telang, Mr.P S Dasgupta, Mr.Pradeep Kumar Bhargava, Mr.Rajeev Bakshi, Mr.Sandeep Sinha, Mr.Venu Srinivasan, Ms.Nicole McDonald, Ms.Suzanne Wells. Company has S R B C & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 277,200,000 shares outstanding.
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