Friday 8 November 2013

Cummins India surges despite reporting 10% fall in Q2 net profit

Cummins India is currently trading at Rs 405.00, up by 2.85 points or 0.71% from its previous closing of Rs 402.15 on the BSE.

The scrip opened at Rs 397.85 and has touched a high and low of Rs 406.00 and Rs 392.00 respectively. So far 20609 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 550.00 on 09-Jan-2013 and a 52 week low of Rs. 365.05 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 414.00 and Rs. 396.50 respectively. The current market cap of the company is Rs 11226.60 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 35.32% and 13.68% respectively.

Cummins India has reported results for the second quarter ended September 30, 2013.

The company has reported a fall of 10.02% in its net profit at Rs 144.81 crore for the quarter as compared to Rs 160.94 crore for the same quarter in the previous year. Total income of the company has decreased by 11.79% at Rs 988.55 crore for quarter under review as compared to Rs 1120.72 crore for the quarter ended September 30, 2012.

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