CUMMINSIND

India Share Price Target: Analysts see over 10% potential upside on largecap stock

Shares of Cummins India on Thursday surged nearly 1 per cent after a domestic brokerage revised its share price target on the largecap stock. Today (September 11), the stock rose as much as 0.92 per cent, hitting an intra-day high of ₹4,058.20 apiece on the BSE. MOFSL has maintained a ‘buy’ stance on Cummins India, citing improving demand across the power generation segment and robust growth in select industrial categories as key drivers. The brokerage noted that the company’s export business remains geographically diversified with limited dependence on the US, while distribution is also expected to post healthy growth.