Cummins India Share Price: Cummins India share price falls as Sensex falls by 2521.86 points

Cummins India Ltd. share price fell 1.99 per cent to Rs 3,437.15 at 12:48 (IST) in Monday’s session. The security touched a high of Rs 3,507.6 and a low of Rs 3,363.5 during the session. The stock closed at Rs 3,507.15 in the previous session.

The shares have seen a total trading volume of 15,998 and are valued at Rs 5.51 crore on NSE so far. The stock is trading at a price-to-earnings multiple of 55.63 and a price-to-book ratio of 12.61.

A higher price-to-earnings ratio shows that investors are willing to pay a higher price for the rupee-based earnings that the stock offers due to better expectations of future growth.

The price-to-book ratio indicates the intrinsic value of a company and reflects the price investors are willing to pay even if the company does not grow.

The stock has gained 76.13 percent in the last one year, while the 30-share index has gained 17.62 percent during the same period. Cummins India Ltd. belongs to the Engines industry. Promoter/FII Holding
As of June 30, 2024, promoters held 0.0 per cent stake in the company, while the stakes of foreign and domestic institutional investors were 17.95 per cent and 17.82 per cent, respectively.

Key financial data
The company said consolidated sales for the quarter ended March 31, 2024, stood at Rs 2,418.92 crore, down 8.4 per cent as compared to Rs 2,640.77 crore in the previous quarter and down 19.67 per cent as compared to Rs 2,021.3 crore in the year-ago quarter.

Profit in the last quarter stood at Rs 537.34 crore, up 54.01 per cent over the same quarter a year ago.