⚙️ CUMMINS INDIA LTD | ₹4,384 ▲ +0.6%

continues its strong uptrend, notching another record high amid sustained buying interest in capital goods and engineering stocks. The stock has been among the sector leaders, reflecting robust earnings momentum, operational efficiency, and positive demand outlook across industrial and infrastructure segments. 🔍 Technical View Uptrend intact: Price continues to post higher highs and higher lows, staying firmly above its 14-EMA (₹4,153) — a sign of trend persistence. Momentum: RSI (14) near 77.6 reflects strong bullish momentum, slightly overbought but without divergence — suggesting healthy strength. Volume action: Steady volume rise supports ongoing institutional participation. Structure: The breakout from the ₹4,000 zone has held firmly, turning it into a strong support base. Support / Resistance: ₹4,150 – ₹4,100 / ₹4,450 – ₹4,550. Bias: Strongly bullish; short-term consolidations may offer entry opportunities. 📈 Fundamental View Earnings strength: Q1 FY26 profit surged ~40% YoY with 26% revenue growth, supported by strong order inflows from infrastructure, data centers, and export markets. Operational efficiency: Focus on high-margin segments and cost discipline has led to record profitability. Sector tailwinds: Capital goods and manufacturing activity in India are in a structural upcycle, boosting demand for industrial engines and gensets. Global positioning: Cummins’ parent alignment provides export leverage and access to next-gen emission technologies. Analyst outlook: Brokerages remain positive, highlighting leadership in power solutions and healthy balance sheet; targets range between ₹4,600–₹4,800 in the near term.