Cummins India declined 3.14% to Rs 802.50 at 10:43 IST on BSE, with the stock extending previous sessions' slump triggered by the company reporting weak Q3 results.
The result was announced after market hours on Thursday, 1 February 2018. The stock had slumped 8.47% to Rs 828.55 on Friday, 2 February 2018 post announcement of Q3 results. The company had reported 13.1% fall in net profit to Rs 172.19 crore on 0.4% decline in net sales to Rs 1318.43 crore in Q3 December 2017 over Q3 December 2016.
Meanwhile, the S&P BSE Sensex was down 334.26 points or 0.95% at 34,732.49.
On the BSE, 19,895 shares were traded on the counter so far as against the average daily volumes of 33,318 shares in the past one quarter. The stock had hit a low of Rs 788 so far during the day, which was also a 52-week low for the stock. The stock had hit a high of Rs 825 in intraday trade. The stock had hit a 52-week high of Rs 1,096.20 on 3 May 2017.
The stock had underperformed the market over the past 30 days till 2 February 2018, falling 10.09% compared with 3.71% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 7.57% as against Sensex's 4.45% rise. The scrip had also underperformed the market in past one year, sliding 8.19% as against Sensex's 24.23% rise.
The large-cap company has equity capital of Rs 55.44 crore. Face value per share is Rs 2.
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Cummins India, headquartered in Pune since 1962, is the country's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets.
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