Share price of Cummins India jumps as Sensex gains 598.4 points

economictimes.indiatimes.com:

Cummins India Ltd. gained 2.64 per cent to Rs 3922.1 at 11:37AM (IST) in Monday's trade. The stock has hit a high of Rs 3926.6 and low of Rs 3821.3 so far during the session. The stock had closed at Rs 3821.0 in the previous session.
The counter has had a total traded volume of 7545 shares so far with a value of Rs 2.93 crore on the NSE. It traded at a price-to-earnings multiple of 59.43 and a price-to-book ratio of 12.61.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 126.78 per cent during the past one year, while the 30-share index advanced 24.05 per cent during the same period.
Cummins India Ltd. belongs to the Engines industry.
Promotor/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while foreign investors and domestic institutional investors ownership stood at 17.95 per cent and 17.82 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 2419.29 crore for the quarter ended 30-Jun-2024, up 0.02 per cent from the previous quarter's Rs 2418.92 crore and up 4.86 per cent from the year-ago quarter's Rs 2307.23 crore.
Profit for the latest quarter stood at Rs 462.61 crore, up 30.78 per cent from the same quarter a year ago.