BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Cummins India Ltd.’s revenue dropped 12% sequentially to Rs 12.5 billion, impacted by weak exports, domestic power gen segment.
In addition to the advent of the second Covid-19 wave, issues in terms of supply-side logistics, weakness in certain export geographies impacted the overall momentum.
Growth in next two to three months will be muted impacted by the second wave, and delay in terms of supply of components and raw materials etc.
Domestic industrial and infrastructure demand and export momentum may gain traction post normalisation of operations.
Government is likely to adhere to emission norm deadline and this can result in market consolidation in medium to long term.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.