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Citi maintains buy call on Cummins India, revises target price to Rs 844

11 September, 2018 8:24 AM
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Citi maintains buy call on Cummins India, revises target price to Rs 844

Citi has maintained a buy call on Cummins India with a revised target price of Rs 844 from Rs 779. The potential upside on the stock is at 13 percent.

The global research firm observed that exports guidance could get revised up post second quarter.

It remains positive on potential business rebound in the company’s prospects.

The brokerage house increased target price to factor in higher sales and higher operating margins.

At 13:37 hrs Bharat Heavy Electricals was quoting at Rs 77.80, down Rs 0.15, or 0.19 percent, on the BSE. It touched an intraday high of Rs 78.45 and an intraday low of Rs 76.20.

Also read: Mercedes-Benz CLS 300 d launched in India at starting price of Rs 84.70 lakh

Source: moneycontrol.com

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