Cummins India surged 3.34% to Rs 286.50 at 13:45 IST on BSE on reporting 37.83% surge in net profit to Rs 88.24 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 24 July 2008.
The stock hit a high of Rs 296.70 and a low of Rs 259 so far during the day. The stock had a 52-week high of Rs 462.80 on 27 September 2007 and a 52-week low of Rs 225 on 30 June 2008.
The company has an equity capital of Rs 39.60 crore. Face value per share is Rs 2.
The current price of Rs 286.50 discounts its Q4 March 2008 annualised EPS of Rs 15.27, by a PE multiple of 18.76.
Cummins India’s total income rose 31.69% to Rs 744.70 crore in Q1 June 2008 over Q1 June 2007.
Cummins India is engaged in manufacturing and selling internal combustion engines, diesel generating sets and special purpose machines. The products of the engine business segment are used for various applications such as power generation, construction, compressor, mining, marine, locomotive and fire fighting.
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