Cummins India skids 5% as Managing Director Sandeep Sinha resigns

So far in 2019, the stock has tumbled 11.3 per cent as against a 17 per cent fall in the BSE Auto Index.

Cummins India shares slumped 5 per cent to Rs 712.5 apiece in intra-day, on the BSE on Tuesday after managing director Sandeep Sinha decided to step down from his managerial position "to pursue business interests outside of Cummins".

"We wish to inform you that Mr. Sandeep Sinha shall cease to be the Managing Director, Director and Key Managerial Personnel of the Company with effect from closing business hours of August 16, 2019," the company said in a BSE filing. READ THE BSE FILING HERE.

At 10:33 am, the stock was quoting at Rs 740 per share, down