Cummins India Ltd
CUMMINSIND

924.25

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

919.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

922.10

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Reco. Price
Rs 905.00
We recommend accumulate on the stock as the company will benefit from investment in infrastructure sector (road, railways, power sector). In addition, it has healthy ROE-25% (FY16) & ROCE-30% (FY16) which provides an attractive investment opportunity. The stock is trading at a PE of 29x FY17E. (Target price-Rs 959)
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50 DMA (.)
872.06
100 DMA (.)
836.40
200 DMA (.)
851.66
Weekly Range (.)
882.60
929.90
Monthly Range (.)
840.00
929.90
52 Weeks Range (.)
746.15
947.00
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