Cummins India gains from bottomline rise

Dalal Street Spikes

 More than 1.65 lakh shares were traded on the BSE. The counter moved up on good buying support today after the company recorded a 73.7 per cent rise in net profit.

 The company announced its results towards the end of the trading session on Tuesday. For Q2 ended September 30, CIL reported a 73.7 per cent rise in net profit to Rs 30.60 crore (Rs 17.61 crore).

 Other income boosted profits, rising by 123 per cent to Rs 17.09 crore from Rs 7.63 crore. Total income grew 30.5 per cent to Rs 244.15 crore from Rs 187 crore. CIL is in the business of manufacturing diesel engines and filtration equipment.