Sharekhan's research report on Cummins India
Domestic sales on a gradual recovery path as seen from macro indicators, signaling strong recovery in business activities. Exports to benefit from improved demand from data centre, 5G rollout, and China+1 strategy. Well placed to take advantage given its preparedness on the technology front and market leadership position along with newer technologies such as CPCB 1V norms can lead to further market share gains.
Outlook
We retain Buy on Cummins India Limited (Cummins) with a revised PT of Rs. 917, considering strong earnings growth potential, led by domestic economic revival.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.