Cummins India Ltd share Price Today

Cummins India Limited is an Indian company engaged in the business of manufacturing and selling diesel and natural gas engines and related services, such as fuel systems, air handling, filtration, power generation, and emission solutions. The company was incorporated in 1962 as an entity of Cummins Group in India, with its headquarters in Pune, Maharashtra. As of 20 October 2022, the market capitalisation of the company is Rs 33,734.

The company is listed on the National Stock Exchange (NSE) under the code CUMMINSIND and the Bombay Stock Exchange (BSE) under the code 500480. It has also been included in BSE 200 and BSE 500 indices.

Cummins India Limited operates its business in three segments—engine business, distribution business, and power systems business. The company caters to the requirement of various industries, including agriculture, commercial power, transport, construction, railways, mining, oil, and gas. As of 20 October 2022, the company has a network of over 120 dealership offices, 450 touch points, and more than 3500 engineers serving in India, Nepal, and Bhutan.

As per the shareholding pattern of the company in June 2022, promoters had a 51.00% stake in the company, 19.02% was invested in mutual funds, retail investors had a 13.87% stake in the company, foreign institutional investors or FIIs had 10.35% stake in the company, and the remaining 5.76% was held by other domestic institutions. Top mutual funds in which the company has invested include Edelweiss Mid Cap Direct Growth Plan, SBI Long Term Equity Direct Growth Fund, Kotak Emerging Equity Fund Direct Growth, and the PGIM India Midcap Opportunities Direct Growth Fund.

The company’s management team comprises Mr Steven M Chapman (chairman and non-executive director), Mr Ashwath Ram (managing director), Mr Lorraine Alyn Meyer (non-executive director), Mr Donald Jacksonn (non-executive director), Mr Nasser Munjee (independent director), and Mr Vinaya Joshi (company secretary).

On 20 October 2022, Cummins India shares closed at Rs 1,210.75 at the NSE and Rs 1,209.65 at the BSE. These shares have given a one-year return of 32.91%, and their 52-week high and 52-week low prices are Rs 1,288.35 and Rs 842.65, respectively. The top peers of the company are Grindwell Norton, Thermax, Hindustan Aeronautics, and Bharat Dynamics.

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