Cummins India Ltd emerged as a strong mover in Wednesday's trade, climbing 2.8% to settle at ₹4,725.80. The large-cap diesel engine manufacturer commanded a market capitalization of over ₹1.31 lakh crore, reflecting robust investor interest.
Trading at a price-to-earnings multiple of just 2.60, the stock is significantly undervalued against the industry average of 54.16, signaling a sharp earnings yield differential. With earnings per share (EPS) at ₹80.87 and an enterprise value of ₹1.27 lakh crore, the counter continues to draw attention for its pricing divergence within the auto ancillary space.
