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ManufacturingPre-market

Jefferies upgrades Cummins India to ‘Buy’, targets ₹5,120

pre-market1 source ↓written by the desknot a recommendation

target price
₹5,120
₹2,700
from FY25–FY28
22% EPS CAGR
forecasted for medium
30%+ ROE

Shares of Cummins India gained attention after Jefferies upgraded the stock to ‘Buy’ from ‘Underperform’ and raised the target price to ₹5,120 from ₹2,700. The brokerage cited stable pricing and strong domestic demand across key segments as key factors driving this upgrade.

Key Points:

• Projected 22% EPS CAGR from FY25–FY28

• 30%+ ROE forecasted for medium term

• Increased confidence in price stability and data centre demand driving growth

This upgrade may enhance market sentiment around the stock.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 11 Nov 2025, 07:09 IST.

Sourcesnews.google.com

The market after the news

CUMMINSIND closed +1.5% on the day of the news, from ₹4,349.20 to ₹4,414.20; Nifty +0.5% over the same session; futures OI +1.6%.

Bulletin at 07:09 IST on 11 Nov 2025. Every change is measured from ₹4,349.20, the last close before it, on 10 Nov. Nifty 50 is measured over the same sessions.

  • CUMMINSIND close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
CUMMINSIND closes around the bulletin against the close before the news, with Nifty 50 rebased to it392343494775axis spans 22%before the news · 10 Nov4349Nifty 50CUMMINSINDbulletinD0+1+3+53 Nov14 Nov25 NovFutures open interest, lotspeak 18,000Reference close ₹4,349.20. 16 sessions from 3 Nov to 25 Nov; the price axis spans 22 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before10 Nov₹4,349.20basebase
On the day11 Nov₹4,414.20▲ +1.5%▲ +0.5%+1.0 pp difference
+1 session12 Nov₹4,395.40▲ +1.1%▲ +1.2%−0.1 pp difference
+3 sessions14 Nov₹4,283.20▼ −1.5%▲ +1.3%−2.8 pp difference
+5 sessions18 Nov₹4,252.40▼ −2.2%▲ +1.3%−3.5 pp difference
Gap at the open, % · ₹
0.0%0.00 on 11 Nov
Day's range, % · ₹
3.0%≈ 130 high to low
Volume on the day
0.73×the 20-session average
Futures OI on the day
▲ +1.6%+250 lots · long build-up · price +1.5%
Futures OI open, lots
16,00011 Nov · 25 Nov expiry
Futures premium, ₹
+13.40+0.3% to spot
Puts per call, by OI
0.87from 0.81 the session before
Max pain
4,300from 4,300 the session before

Source NSE UDiFF bhavcopy · CUMMINSIND on the desk →

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