Buy Cummins India, target price Rs 2250: Motilal Oswal
Cummins India Ltd. with a target price of Rs 2250.
The current market price of Cummins India Ltd. is Rs 1939.9.
Cummins India Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 53729.68 Crore) operating in Engineering sector.
Cummins India Ltd. key Products/Revenue Segments include Engines, Sale of services, Other Operating Revenue, Export Incentives and Scrap for the year ending 31-Mar-2023.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2011.35 Crore, down -12.82 % from last quarter Total Income of Rs 2307.23 Crore and down -.74 % from last year same quarter Total Income of Rs 2026.26 Crore. Company reported net profit after tax of Rs 291.32 Crore in latest quarter.
