Cummins India Shares Close at End of Trading Day

☀️Trending News

Cummins India Ltd. ended today’s trading session at its closing price, making it one of the top performing stocks of the day. Cummins Inc ($NYSE:CMI). is a global power leader that designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related components. Cummins India Ltd. is the Indian arm of Cummins Inc., and is one of the largest diesel engine manufacturers in India. It is listed on both the Bombay Stock Exchange and the National Stock Exchange, with its shares closing today’s session at their closing price.

Stock Price

On Tuesday, CUMMINS INC shares closed at $223.0, representing a 2.6% increase from the previous closing price of $217.4. This marked the end of a positive trading day for the company, as its stock opened at $220.7 and rose steadily throughout the day. Analysts attributed the stock’s positive performance to positive economic and industry news, as well as increased investor confidence in the company’s growth prospects in India.

Additionally, increasing demand for Cummins Inc products and services across the country also contributed to the stock’s rise on Tuesday. Moving forward, analysts remain cautiously optimistic on Cummins Inc’s prospects. The company has been continuing to grow its market presence in India, and is expected to benefit from increased demand for its products and services in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cummins Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cummins Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cummins Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Cummins Inc are shown below. More…

Analysis

GoodWhale has conducted an analysis of CUMMINS INC‘s fundamentals and based on Star Chart, CUMMINS INC is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. As a result, investors who are interested in investing in companies with strong competitive advantages and stable returns may be interested in investing in CUMMINS INC. Aside from its strong competitive advantage, CUMMINS INC also has a high health score of 8/10 according to GoodWhale’s analysis, which indicates that the company is capable of paying off debt and funding future operations. Furthermore, CUMMINS INC is strong in terms of dividend, growth, and profitability, and of medium strength in terms of asset. These qualities make it an attractive investment option for value-seeking investors. More…

Peers

Cummins Inc is one of the world’s leading manufacturers of engines and related technologies. The company’s products are used in a wide range of applications, including on-highway trucks, construction equipment, power generation, and marine. Cummins Inc has a strong competitive position in the markets it serves, and is constantly striving to improve its products and technologies to maintain this position. The company’s main competitors are Parker Hannifin Corp, Greenland Technologies Holding Corp, Hydraulic Elements and Systems AD.

– Parker Hannifin Corp ($NYSE:PH)

Parker Hannifin Corporation is an American corporation that specializes in motion and control technologies. Parker Hannifin is the world’s largest producer of hydraulic pumps and motors, and it is a major manufacturer of pneumatic cylinders, valves, and other motion-control products. The company has over 60,000 employees in 50 countries, and its products are used in a variety of industries, including aerospace, climate control, electromechanical, filtration, fluid and gas handling, hydraulics, pneumatics, process control, and sealing and shielding.

– Greenland Technologies Holding Corp ($NASDAQ:GTEC)

Greenland Technologies Holding Corp is a leading manufacturer of electronic products and components. The company has a market cap of 26.29M as of 2022 and a return on equity of 8.97%. Greenland Technologies Holding Corp designs, manufactures and sells a broad range of electronic products and components, including semiconductors, printed circuit boards, personal computers, cellphone handsets, digital cameras, and other consumer electronics products.

– Hydraulic Elements and Systems AD ($LTS:0NZ4)

AD is a diversified industrial company that operates in a variety of businesses, including Hydraulic Elements and Systems, Fluid Power, and Filtration. The company has a market cap of 122.81M as of 2022 and a Return on Equity of 13.72%. AD’s Hydraulic Elements and Systems business provides a wide range of products and services to a variety of industries, including construction, mining, and agricultural equipment. The company’s Fluid Power business provides hydraulic and pneumatic components and systems to a variety of industries, including the automotive, aerospace, and defense sectors. The company’s Filtration business provides filtration products and services to a variety of industries, including the food and beverage, pharmaceutical, and oil and gas industries.

Summary

Cummins Inc. is a leading global provider of power solutions, with a strong presence in India. The company has a long history of providing reliable, innovative products and services to the automotive, construction, power generation, and commercial vehicle industries. Investing in Cummins Inc. can offer the potential for capital appreciation and dividend income. Cummins Inc. has a strong balance sheet and high liquidity, with a long track record of increasing dividends, reducing debt, and generating high returns on its capital. The company’s exposure to emerging markets in India gives it further potential for growth.

Cummins Inc. has an attractive valuation, with a price-to-earnings ratio that is lower than peers, and its price-to-book ratio is above the industry average. The company has a strong dividend payout ratio and has increased its dividends for the past five years. Its strong history of innovation and product diversification also makes it an attractive investment.