Cummins India share price forecast
|Click here to see large image of Cummins India|
| Click here to see how to read our trend Signals Charts.
Visit this page for best Cummins India share price forecast using free auto buy sell signal live chart, our other article includes free intraday tips and stock tips on Indian stock markets. Scroll below to see more free charts. Visit link to see more free technical analysis of Indian stocks.
Cummins share price forecast using latest news
Stock still finding strong trend line support at current levels. Visit this page for Cummins India share price forecast. Also visit link for more free technical chart. Also visit link for daily free share market tips.
Cummins India stock tumbles after weak Q2 results
Share price of Cummins India on 24th October 2019 fell more than 6% to Rs .541.30 after company reported that its consolidated net profits fell to 10.61% to Rs. 182.93 cr on 11.24% decline in net sales to Rs. 1297.30 cr for July – September 2019 quarter.
This announcement comes during trading hours. Domestic sales stood at Rs. 947cr falling 6%over same quarter last year. Its exports were reported Rs. 337 cr decline of 25% over same quarter last year. Poor results are due to financial crises and delay in infrastructure projects.
Ashwath Ram, Managing Director, Cummins India Limited, said: “The current sluggishness in the Indian economy arises from several factors including the prevailing liquidity situation, delays in awarding of infrastructure projects, banking sector including the shadow banks continuing to sort through their funding constraints. These factors have all resulted in reduction in demand across our key segments in the domestic business.”
Cummins (I) gets BS-VI certification from ARAI ahead of deadline
India to move to BS-VI emission regulations from April 1, 2020 and by this Cummins (I) has recently got its compliance certification tests with the Automotive Research Association of India (ARAI). Globally more than 1 million Euro6/BS-VI equivalent and higher emission vehicles are running with Cummins engine and after-treatment system.