Cummins India - Witnessing A Smoother Transition To New Norms: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.From our recent interaction with the management, Cummins India Ltd. appears to be well positioned to benefit from the change in emission norms for diesel gensets. The CPCB 4+ norms have been in effect since July 01, 2024. Contrary to expectations, demand has so far remained strong despite price hikes of 15-35% across nodes. This demand is being led by the refueling of channel inventory with CPCB 4+ gensets. Cummins is striving to maintain high margins as experienced during the last few quarters through cost-rationalisation measures and an improved product mix. The industrial segment is benefitting from the strong construction cycle, and the distribution segment is gaining from better market reach. Exports appear to have bottomed out and could witness improvement in the coming quarters. We thus maintain our positive stance on Cummins and reiterate our Buy rating on the stock with an unchanged target price of Rs 4,300 (based on 45 times price/earnings on two-year forward earnings).Click on the attachment to read the full report:.IndusInd Bank - Growth Outlook Steady; Aiming For An RoA Of ~2%: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Cummins India - Witnessing A Smoother Transition To New Norms: Motilal Oswal

The brokerage maintains its target price of Rs 4,300 based on 45 times price/earnings on two year forward earnings and reiterates Buy.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Cummins India - Witnessing A Smoother Transition To New Norms: Motilal Oswal

The brokerage maintains its target price of Rs 4,300 based on 45 times price/earnings on two year forward earnings and reiterates Buy.

Choose a plan

Follow Us

DOWNLOAD THE APP