CUMMINSIND closes at ₹ 755.15 with a Fall
of -1.4 % %
on 19-March-2018 with formation of a Red Candle
on Daily Price Chart. Technically, CUMMINSIND has entering into a Bearish
Trend.Valuations : We are expecting the Operating
Profit growth of 17% for CUMMINSIND for next few years inline of growth in
Construction & reality sector.Consisderting this, we have arriaved the
valuation of CUMMINSIND 522 at 1.5X of EPV & 348 at 1X of EPV.
We may
BUY / Accumulate CUMMINSIND
at Lower levels (
348-522)
Target
: ₹955
Stop: Loss
: ₹NA
Time
Frame: 36 Months
Financials
: https://www.screener.in/company/CUMMINSIND/
Disclaimer : We are / may going to take
exposure shortly.