BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains buy on Cummins India
Cummins India's Q1 earnings were ahead of estimates on account of lower than expected decline in exports and 9 per cent growth in domestic business. We maintain our earnings estimates and FY17 target price of Rs 1,000, which implies a price earnings ratio of 30 times.