3 weeks ago

Cummins India stock outlook: earnings-led fall may not derail rally

Cummins India stock outlook: earnings-led fall may not derail rally
Cummins India stock outlook: Why this earnings led fall may not derail the rally · businesstoday.in

Cummins India is a big industrial company whose shares are watched by many investors.

After the company shared its latest earnings report, the share price fell.

But an expert named Thakkar thinks the fall will not last long.

He is very hopeful about the whole industrial and engineering sector right now.

He points to other big companies like L&T, ABB, and Siemens that are also doing well.

He thinks the price of Cummins India shares will not go below the Rs 5,000 mark.

As long as that holds, people who own the shares can keep them.

If the industrial rally continues, he expects the share price to reach more than Rs 6,000 later.

So the recent dip may just be a pause, not the end of the upward trend.

Key facts

Stock
Cummins India
Support level
Rs 5,000 zone
Target level
Rs 6,000-plus
Analyst view
"Absolutely bullish" on the sector
Sector context
Industrial and engineering names including L&T, ABB and Siemens
Reason for dip
Earnings-led correction
Trading advice
Hold as long as the Rs 5,000 floor remains intact

Quotes

Thakkar

Market analyst commenting on industrial sector outlook

“"As far as this sector is concerned, I’m absolutely bullish."”
businesstoday.in
“"I would say that the support would be at five thousand."”
businesstoday.in

Sources

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