Cummins India Share Price Declines by 4.17% on October 11, 2024
On October 11, 2024, Cummins India Ltd. experienced a significant decline in its share price. The stock opened with a gap down of -2.41% and touched an intraday low of Rs 3619.2, a decrease of -4.25% from its opening price. This volatility has been a notable trend for Cummins India shares in recent days.
Historical Performance
Cummins India shares have been subject to fluctuating market conditions. In the past year, the company's share price has shown substantial growth, with a one-year return of 32.91%. However, recent days have seen a downturn, with the share price experiencing a decline.
Historical data indicates that Cummins India shares have been volatile. On September 20, 2024, the shares closed at Rs 3852.90 on the NSE, with a volume of 686932. This volatility is a key factor in understanding the current market trends affecting Cummins India.
Key Metrics
As of October 10, 2024, the share price of Cummins India stood at Rs 3798.50 on the NSE. The company's key metrics include a PE ratio of 58.45 and an EPS (TTM) of Rs 65.94. The market capitalization (MCap) is Rs 1,05,175 crore, with a sectoral MCap rank of 3.
The dividend yield for Cummins India stands at 0.99%, and the beta is -0.21, indicating a relatively stable stock in terms of volatility.
Financial Performance
Cummins India has delivered a robust return on equity (ROE) of 26.02% in the year ending March 31, 2024, outperforming its five-year average of 19.66%. The company has also managed to keep interest expenses below 1% of its operating revenues and employee costs at 8.9%.
The company's financial performance is reflected in its income statement, where total income for the year ending March 31, 2024, was Rs 2,436.41 crore, with a total expense of Rs 1,880.74 crore. The profit after tax (PAT) stood at Rs 419.80 crore.
Despite the recent decline in share price, Cummins India remains a strong player in the market, with a 52-week high of Rs 4,171.90 and a low of Rs 1,653.30.
