Tuesday, March 20, 2018
Cummins India Ltd ( CUMMINSIND )-A MultiBagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks
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.
Nifty Next : Nifty Future Trading Range on Wednesday 20.03.2018
Nifty-F closes
at ₹ 10122.8 with a Fall
of -1.10% on 19.03.2018
with formation of a Red Candle. We are expecting that Nifty-Future
will trade on 20.03.2018 with Negative
note within the Range of 10057-10155 & It has strong Support at 10057
levels If Nifty -F breaks these support
level further it will test 9987 immediately.
We have Nifty Mid-Term Support/ Resistance at 9180/11260 for the next 6 months.
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