The share price of Cummins India jumped 3.05% to Rs 658 at 12:30 IST on BSE, after net profit surged 56% to Rs 140.23 crore on 45% rise in net sales to Rs 910.01 crore in Q1 June 2010 over Q1 June 2009. The large-cap stock had outperformed the market in the past one quarter, gaining 14.13% as compared to the Sensex’s return of 5.42%.
Cummins India is part of the American Cummins group that leads in large engine manufacture.
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The steep deterioration in economic outlook measures has been unusually
