While investors would focus on the results and guidance for the third quarter of financial year 2025-26 (Q3FY26) in the normal course of business, the US-Israeli attack on Iran and the latter's retaliation at Gulf allies of the US has forced them to weigh the consequences of the event.
Genset manufacturer Cummins India has seen its share price rise by 45 per cent in the past three months. The management has reaffirmed that growth would be in double digits over the coming two fiscal years. Growth is expected to be driven by a pickup in domestic infrastructure spending.
The 100-stock largecap basket of Mutual funds (MFs) has seen a major reshuffle in the latest semi-annual reclassification with seven midcap stocks and four new listings earning the largecap tag. According to a report from Nuvama Alternative & Quantitative Research, the midcap stocks that have been upgraded include CG Power, Rail Vikas Nigam, ICICI Prudential Life Insurance, Polycab India, Indus Towers, Cummins India, and Info Edge.
Over the past three trading sessions, the stock of Cummins India has gained about nine per cent on strong January-March quarter (Q4) results and good near-term prospects. Its Q4 performance was led by a healthy 29 per cent revenue growth over the year ago quarter. This was largely on the back of a 33 per cent jump in domestic revenues while exports witnessed a growth of 17 per cent.
'The path beyond diesel is not going to be clear. It is really going to be dependent on applications.'
By avoiding the follow-on and standing firm against Australia's aggression, India ensured that they stayed alive in the series.
Gautam Adani-owned Adani Ports and Special Economic Zone (APSEZ) will replace IT major Wipro in the 30-share BSE Sensex from June 24, according to an official announcement on Friday. This marks the first inclusion of any Adani Group firm in Sensex. The group has 10 listed firms with a combined market valuation surpassing Rs 17 lakh crore.
Cummins India Limited will be investing an estimated $29 million in its plants in Pune to enhance capacity in the mid-range horse power engines to include electronically
Cummins India will not consider declaration of interim dividend due to uncertainties in the proposed tax structure.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
The management of Cummins India on Monday expressed concern over the safety and security of the employees working at its Pune plant, while reacting to the two-month long agitation by Shiv Sena over the dismissal of six workers by the company.
Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
The Meteorological (MeT) department of the UK has predicted a 30 per cent chance of precipitation during the afternoon,
Cummins India will soon start producing fuel-agnostic engine systems at the Tata-Cummins plant in Phaltan in Satara district of Maharashtra, senior officials at Cummins India said. The firm will start limited production by the end of 2023 and mass production will likely begin by 2024, the officials said.
The National Stock Exchange (NSE) Nifty Next 50 Index could undergo large-scale changes if the proposed tweaks to its computation methodology get implemented. In a discussion paper floated recently, NSE Indices, which owns and manages a portfolio of over 350 indices under the Nifty brand, proposed that only stocks that are traded in the futures and options (F&O) segment can be part of the index. Currently, as many as 11 non-F&O stocks are part of the Nifty Next 50 Index, which, as the name suggests, represents the next rung of large and liquid securities after the Nifty50.
IMAGES from Day 3 of the WTC Final between Australia and India, played at The Oval, in London, on Friday.
Use of 10 per cent ethanol-blended petrol has led to a saving of over Rs 41,000 crore in the foreign exchange for the country, minister of state for environment, forest and climate change Ashwini Kumar Choubey said on Wednesday. Speaking at an online event of auto industry body SIAM on sustainable mobility, the minister said the government is working in multiple ways to encourage sustainable mobility. "India recently achieved 10 per cent ethanol blending target 5 months in advance, saving over Rs 41,000 crore worth of fuel imports for the nation," Choubey noted.
India captain Virat Kohli will end the year as the top ranked batsman while Ajinkya Rahane slipped a rung to be seventh in the latest ICC Test rankings issued on Tuesday. Kohli (928) remained 17 points ahead of Australia's Steve Smith who occupied the second spot while New Zealand skipper Kane Willamson (864) ends the year at number three.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'I just thought I should try and get on the front foot and get home before I got locked out of the country.'
The current up move, according to analysts, closely resembles the rally post the global financial crisis in 2008-09, not just in quantum and speed, but also the way small-and mid-cap indices outperformed large-cap peers.
The combined net sales of 42 listed construction and capital goods companies that have declared their third-quarter results so far were down 2.3 per cent year-on-year in Q3FY21 while core operating profit was up just 4.9 per cent YoY during the quarter.
While the Budget might have been a sentiment booster for the sector, firms with market dominance emerge as favourites.
To drive home the benefits of lower manufacturing costs in India, Cummins India Ltd and Cummins Westport Inc will be exporting B Gas International natural gas engines to locations such as South America.
'.. if the cost is its own survival,' says Colonel Anil A Athale (retd).
Cummins India Ltd has posted a net profit of Rs 244.92 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 156.12 million in the corresponding period last fiscal.
Government today gave the go ahead to 20 foreign technology collaboration proposals, including technology agreement of ABB Ltd, Cummins India and Samurai Entertainment.
L&T is the preferred pick, but given the opportunities in the power T&D space analysts are also positive on KEC, ABB and Kalpataru
BSE Auto index fell over 0.5% after reports that automobiles might get costlier post GST
Though the markets have lost ground since the past few sessions, analysts do not seem worried.
'It is only fear and speculation, without much substance, that has led to the fall.'
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Asian markets were trading mixed with the Nikkei gaining after the US dollar strengthened against the yen.
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
The Sensex ended below 28,000 for the second straight day at 27,869.
'The Kashmiri identity and its unique blend of Sufi Islam, its culture and language can best survive in a plural and secular India.' 'Neither independence nor merger with Pakistan can achieve that objective.' 'Peace will return to Kashmir only when Kashmiris realise this, else they will be part of the 1,000- year war,' says Colonel Anil A Athale (retd).
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