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Nuvama raises target price on Cummins India, recommends buy on Lupin

after close1 source ↓written by the desknot a recommendation

Brokerage Nuvama has raised its target price on Cummins India following a strong Q2FY26 earnings beat, prompting upward revisions to estimates. Meanwhile, Lupin reported robust profitability with margin expansion, leading to a buy recommendation. This reflects a positive outlook for both companies amid strong operational performance and growth visibility.

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 10 Nov 2025, 16:14 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 16:14 IST on 10 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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