Cummins powers up on strong Q4 results; near-term outlook upbeat1 min read 26 May 2023, 11:55 AM IST
All said analysts have warned that demand after Q1 of FY24 needs close scrutiny due to rising product prices. Furthermore, supply chain disruptions remain a challenge, which impacted Q4 gross margin recovery
Shares of Cummins India Ltd rose nearly 5% in Friday’s trade on the National Stock Exchange, pushing the stock to a new 52-week high of ₹1735.85 apiece. Not only did the company see a robust March quarter (Q4FY23), but the near-term outlook is also bright.
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