The benchmark Nifty has surged over 4 percent in June, reaching around the 23,500 mark and setting multiple new highs along the way. With high valuations for most stocks and no significant correction in sight, investors may find it challenging to determine where to invest. To address this, brokerage house BP Wealth has released 7 … Read more
Shares of Cummins India Ltd have declined 8% since its March quarter results (Q4FY24) despite a significant Ebitda growth of 48% year-on-year. Momentum across all segments led to a 38% growth in domestic revenue. However, investors appear to be more concerned about the increasing competition in the segments affected by the new emission norms that … Read more
Even the most promising stocks are not immune to fluctuations, potentially leading to periods of decline followed by the possibility of sustaining such trends in the ensuing months. Despite fluctuations in the market, the shares of Cummins India, one of the leading power solution providers, have consistently exhibited a robust upward trajectory. Out of the … Read more
A rally fuelled by robust fundamentals has led to a re-rating in the infrastructure and capital-goods sectors, pushing several stocks into what seems like overvalued territory. Several infrastructure and capital-goods stocks are trading above their 10-year average price-to-earnings (PE) ratio. The PE ratio compares a company’s stock price to its earnings per share, so a … Read more