Stock Radar: We raise target price to Rs 1810 on Cummins India, says Shrikant Chouhan

"We raise estimates on higher operating (EBITDA) margin estimates by 2-4% for Cummins India. We lower the gap in gross margin estimates versus the historical pre-Covid average and we are increasing target to Rs 1,810 on higher margin estimates & roll-forward to Mar’25," Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.