Cummins India Ltd. shares gain 0.06% as Sensex falls
Shares of Cummins India Ltd. traded 0.06 per cent up at Rs 363.3 at 11:07AM (IST) on Thursday, even as BSE benchmark Sensex dropped 600.75 points to 31407.86. The scrip had settled at Rs 363.1 in the previous session.
The stock of Cummins India Ltd. quoted a 52-week high and 52-week low of Rs 799.5 and Rs 281.6, respectively.
As per BSE data, total traded volume on the counter till 11:07AM (IST) stood at 73,181 shares with turnover at Rs 2.65 crore.
At the current price, the stock trades at 14.55 times its trailing 12-month EPS of Rs 24.95 per share and 2.35 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.1.
Shareholding Details
Promoters held 0.0 per cent stake in the company as of 31-Mar-2020, while FIIs owned 7.46 per cent and DIIs 20.74 per cent.
The stock of Cummins India Ltd. quoted a 52-week high and 52-week low of Rs 799.5 and Rs 281.6, respectively.
As per BSE data, total traded volume on the counter till 11:07AM (IST) stood at 73,181 shares with turnover at Rs 2.65 crore.
At the current price, the stock trades at 14.55 times its trailing 12-month EPS of Rs 24.95 per share and 2.35 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.1.
Shareholding Details
Promoters held 0.0 per cent stake in the company as of 31-Mar-2020, while FIIs owned 7.46 per cent and DIIs 20.74 per cent.