Share price of Cummins India Ltd. rises as Nifty weakens

A total of 79,682 shares changed hands on the counter till 01:55PM (IST).

Getty Images
tate-owned Canara Bank invited bids to sell 30 per cent stake in its housing finance subsidiary.
Shares of Cummins India Ltd. gained 1.94 per cent to Rs 445.1 in Friday's trade as of 01:55PM (IST).

The stock hit a high price of Rs 459.15 and low of Rs 428.0 during the session.

The return on equity (ROE) for the stock stood at 16.02 per cent. Traded volume on the counter stood at 01:55PM shares and turnover at Rs 3.55 crore around that time.


The stock of Cummins India Ltd. quoted a 52-week high and 52-week low prices of Rs 652.8 and Rs 281.6, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.1.

Promotor/FII Holding
ADVERTISEMENT
Promoters held 0.0 per cent stake in the company as of 30-Jun-2020, while FIIs held 8.57 per cent and domestic institutional investors had 18.57 per cent.

Key Financials
The company reported consolidated sales of Rs 488.74 crore for the quarter ended 30-Jun-2020, down 53.09 per cent from previous quarter's Rs 1041.92 crore and down 63.12 per cent from the year-ago quarter's Rs 1325.11 crore.

Net profit after tax for the latest quarter stood at Rs 53.02 crore, down 65.25 per cent from the same quarter a year ago.
ADVERTISEMENT
READ MORE

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Related Companies

More from our Partners

Loading next story
Text Size:AAA
Success
This article has been saved

*

+