Cummins (4QFY21): Muted performance. Maintain BUY
We maintain BUY on CIL with reduced SOTP-based target price of INR 1,024 (INR 1,068 earlier). We have cut FY22E/23E EPS by 10.4%/2.5% to account...
232 Views
India: News Flow Is Turning Even More Negative for Autos but Stocks Doing Well, What's Going On?
The news flow for Indian Auto Industry is turning from bad to worse over previous few weeks as there have been multiple reports highlighting poor...
375 Views
Entry Into Auto Aftermarket And JV to Produce Rolling-Stock Transform Rico Auto
Rico Auto Industries Ltd (RAI IN) is an Indian auto component manufacturer producing aluminium and ferrous castings for 2Ws & 4Ws in India and...
235 Views
Indian E&C: Year 2017 Was a Disappointment, Will 2018 Bring a Change in Fortunes?
2017 was a poor year for new order inflows at Indian Engineering & Construction (E&C) and Cap Goods companies. This also reflects in "worst...
105 Views
Cummins Results: Good Performance in Domestic Business Not a Sign of Broad Based Industrial Recovery
Cummins India: Mixed Performance in overseas and domestic businessCummins India Ltd (KKC IN) is one of the leading automotive and industrial...
207 Views