0612 GMT - Cummins India's FY 2026 earnings outlook appears positive, Nomura's Umesh Raut says in a research report. Management remains confident in achieving double-digit revenue growth in FY 2026, attributing this projection mainly to stable domestic demand prospects, the analyst notes. Also, management anticipates widespread growth within the power generation segment, driven by expansion in data centers, manufacturing, and infrastructure, the analyst says. Moreover, the power solution provider's industrial segment is expected to grow consistently, partly underpinned by sustained momentum in the construction sector, the analyst adds. Nomura raises the stock's rating to buy from neutral and the target price to INR3,800.00 from INR3,740.00. Shares are 0.6% higher at INR3,287.75. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 02, 2025 02:12 ET (06:12 GMT)
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