Cummins India shares in focus as Q1 net profit dips 8% to Rs 543 crore. Buy, sell or hold?
Cummins India reported an 8% year-on-year decline in June-quarter profit despite an 18% rise in revenue, driven by robust domestic sales. The company expects steady demand ahead, while HSBC retained its Buy rating with a Rs 6,500 target, citing growth potential in power generation, data centres, aftermarket services and exports.
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