The Company commissioned new capacities in February. The capacity is aiming to provide better technology given the changing emission norms and also earmarks its strategy to emerge as a low-cost hub for export opportunities and to serve as a supplier to the parent.
CUMMINSIND consolidated in a broader range of 350-500 for more than three year prior to its upside breakout in March, 14.
It has been gradually inching northward post breakout and recently formed a buying pivot on the weekly chart. So, one can utilize this opportunity to accumulate between 650-CMP (665.30) with closing below stop loss of 615 level for the target of 780 levels.