Cummins India Ltd

Cummins India Ltd., a key player in the power solutions and engine manufacturing sector, posted a 40% year-on-year jump in consolidated net profit to Rs. 589 crore for the first quarter of the current fiscal. The robust performance was driven by healthy demand across domestic and export markets, particularly in the industrial, power generation, and construction equipment segments. Revenue growth, coupled with operational efficiencies and improved product mix, bolstered margins despite input cost pressures.

India’s equity benchmarks closed lower in a volatile midweek session, with the Nifty 50 retreating by 0.3% to settle at 24,752.45, even as the Bank Nifty managed marginal gains of 0.12% on the back of strength in PSU banks. Sectorally, FMCG and healthcare stocks underperformed, while broader market indices showed mixed trends. Analysts caution that technical resistance near the 24,900–25,000 zone could cap near-term upside, especially ahead of the monthly derivatives expiry.