Cummins India's Power Generation Segment Demand Outlook Appears Positive -- Market Talk

Dow Jones
2025/08/11

0547 GMT - Cummins India's demand outlook for its power generation segment is likely still positive, Nomura's Umesh Raut says in a research report. Management reiterated this view, aided by broad-based demand contributed by multiple end-user markets such as data centers, the analyst notes. The company's distribution segment is on a strong footing, driven by rising demand for products including dual fuel kits and by expansion of organized fleet and leasing markets, the analyst says. The manufacturer of diesel and natural gas engines expects consistent growth in the industrial segment, partly supported by ongoing momentum in the construction sector. Nomura raises the stock's target price to INR4,260.00 from INR3,800.00 with an unchanged buy rating. Shares are 0.8% lower at INR3,777.40. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

August 11, 2025 01:47 ET (05:47 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10