CUMMINSIND
11.02.2022 - Nomura CUMMINSIND Maintain Reduce CMP 930 Target 666
Kotak Inst Eqt on Cummins : 30.06.2021
* Buy, TP Rs 1030
* Increase Fair Value by 10% to a/c for modest biz benefits of CPCB-IV norms for domestic & export markets & acceleration envisaged in data center market
KOTAK INSTL EQUITIES ON CUMMINS : 30.06.2021
* MAINTAIN BUY TARGET: 1,030
* Kotak Institutional Equities shares its view on Cummins India after the announcement and the co's transition to new CPC-IV emission norms
* Increase Fair Value By 10% To Account For Modest Biz Benefits Of CPCB-IV Norms
* Transition To CPCB-IV Is Much Steeper Than The Transition To CPCB-11
* Peers To Co Don't Have Margin To Cede This Time, Would Boost Co's Pricing Power
