Sharekhan has given Buy recommendation for Cummins India with a target price of Rs. 917 in its research report issued on Feb 22, 2021
Sharekhan’s research report on Cummins India
Domestic sales on a gradual recovery path as seen from macro indicators, signaling strong recovery in business activities. Exports to benefit from improved demand from data centre, 5G rollout, and China+1 strategy. Well placed to take advantage given its preparedness on the technology front and market leadership position along with newer technologies such as CPCB 1V norms can lead to further market share gains.