Stock 360: Tracking the move of Cummins
Cummins is up 4 percent today, 12 percent up this month and for this year it is up 54 percent. This stock has been coming out of a multi-year bear market. The street is betting on economy-facing stocks and for all the capital good stocks to make a comeback. It is a cash-rich company with no long-term debt and the street is building 20 percent EPS growth in FY22.
Cummins is up 4 percent today, 12 percent up this month and for this year it is up 54 percent. This stock has been coming out of a multi-year bear market.
The street is betting on economy-facing stocks and for all the capital good stocks to make a comeback. It is a cash-rich company with no long-term debt and the street is building 20 percent EPS growth in FY22.
Watch accompanying video of CNBC-TV18’s Anuj Singhal tracking the move of Cummins in Stock 360.
To watch other videos in this series, click on the Stock 360 tab below.
(Edited by : Bivekananda Biswas)
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