Buy Cummins India, target Rs 750: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Cummins India Ltd. with a target price of Rs 750.0 . The current market price of Cummins India Ltd. is Rs 708.5 Time period given by the analyst is Intra Day when Cummins India Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 695. Cummins India Ltd., incorporated in 1962, is a largecap company with a market cap of Rs 19639.62 crore.

Cummins India Ltd. key Products/Revenue Segments include Engines which contributed Rs 4768.32 Crore to Sales Value (92.39 % of Total Sales), Sale of services which contributed Rs 262.02 Crore to Sales Value (5.07 % of Total Sales), Other Operating Revenue which contributed Rs 65.32 Crore to Sales Value (1.26 % of Total Sales), Export Incentives which contributed Rs 58.39 Crore to Sales Value (1.13 % of Total Sales) and Scrap which contributed Rs 7.01 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 1296.49 Crore, up 7.52 % from last quarter Sales of Rs 1205.79 Crore and down -.97 % from last year same quarter Sales of Rs 1309.13 Crore Company has reported net profit after tax of Rs 183.00 Crore in latest quarter. The company’s top management includes Mr.Antonio Leitao, Mr.J M Barrowman, Mr.Mark Levett, Mr.Nasser Munjee, Mr.Norbert Nusterer, Mr.P S Dasgupta, Mr.Prakash Telang, Mr.Rajeev Bakshi, Mr.Sandeep Sinha, Mr.Venu Srinivasan, Ms.Suzanne Wells. Company has S R B C & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 277,200,000 shares outstanding.