News for Cummins India Limited (CUMMINSIND.BO)

NORTHAMPTON, MA / ACCESS Newswire / April 4, 2025 / Cummins Inc. is pleased to announce the promotion of five exceptional leaders to the position of Vice Presid

Carborundum Universal surged by up to 8.2% on Tuesday, reaching Rs 912.45 on the BSE, while Praj Industries gained 6.5%, hitting Rs 508. Kotak Equities increased its target price for Carborundum to Rs 980, suggesting a possible 7.4% upside from the current price.

An analyst from Anand Rathi said that BHEL formed a bullish engulfing pattern near a support level, accompanied by RSI bullish divergence, signaling a potential trend reversal.

Stocks including TCS, Hindalco, UltraTech, Bank of Baroda, United Breweries, Piramal Enterprises, Paytm, RBL Bank and more will be in the spotlight on Friday, February 14.

In January, mutual funds bought stocks worth Rs 575 billion in India's secondary market, with key additions in Axis Bank, HDFC Bank, and ICICI Bank. Major reductions were seen in Reliance Industries, ITC, and Bharat Electronics. Notable entries included Adani Wilmar in mid-cap and AXISCADES Technologies in small-cap. Mutual funds actively managed their portfolios, focusing on large, mid, and small-cap stocks.

Motilal Oswal Financial Services Ltd. listed the stocks it prefers in the aftermath of the Bharatiya Janata Party's victory in the Delhi assembly elections, in a note on Monday.

Indian stock markets opened with a severe selling pressure on Monday bucking BJP's win in Delhi Elections as the Trump tariff threat on metal imports spooked the traders at Dalal Street.

MOFSL noted that the BJP win came despite no big local face. The Delhi victory will be seen as a decisive revival of Brand Modi, it said.

Feb 07, 2025 / 04:30AM GMTOperator Good morning, ladies and gentlemen. Welcome to Cummins India Limited Q3 FY 2024, '25 earnings conference call. We hope you al

Cummins India's shares surged 5.4% to Rs 3,075.95 after reporting a 12% YoY rise in Q3 net profit to Rs 558 crore and declaring an interim dividend of Rs 18 per share. Driven by strong demand for power generators, revenue grew 22% YoY to Rs 3,052 crore. Analysts' average target price is Rs 3,591, with mixed recommendations.

The NSE Nifty index was trading 63.5 points down at 23632.8

Stocks including UltraTech, Info Edge, Cummins, Swiggy, Ola Electric, Emcure Pharma, Azad Engineering, Solar Industries and more will be in the spotlight on Thursday, February 06.

Stocks including Titan Company, Swiggy, Tata Power, Aadhar Housing, Whirlpool, Religare, Birla Corp & PC Jewellers and more will be in the spotlight on Wednesday, February 05.

L&T shares settled the day at Rs 3,443.60 on BSE, up 4.76 per cent. The BNP Paribas analyst has set a target price of Rs 4,605 on L&T.

Market update: Nifty-50 closes lower for fourth month, DII inflows high, sectors down, India lags, corporate earnings in line.

This week, 748 companies will announce quarterly earnings, with key results expected from Asian Paints, Titan, Airtel, SBI, M&M, ITC, and LIC. Sector highlights include Power Grid, Divi's Labs, Tata Power, and Bharti Airtel, among others. Notable earnings announcements span from February 3 to February 8, indicating a busy week for the markets.

Baron Emerging Markets Fund declined in the fourth quarter of 2024, outperforming its benchmark, the MSCI EM Index. Read more here.

The medium-term opportunities remain intact for the Indian stock market driven by the resumption of capital spending and healthy corporate earnings, according to Motilal Oswal.

AMFI rejig: Stocks that have been excluded from the largecap list included Adani Total Gas, IDBI Bank Ltd, Shree Cement Ltd, Union Bank of India Ltd and BHEL.