Q2 Impact: Cummins India Share Price Tanks Over 14% As Profit Slumped, Margins Narrowed Sharply
Cummins India moved lower in a quarterly results development.
· NDTV Profit
Cummins India reported a mixed set of Q2 consolidated results, with revenue rising modestly but profitability declining sharply on a year-on-year basis.
The analysis
Cummins India reported movement of 14%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -10.2% on the day at ₹4,242.00, and has returned -14.8% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The capital goods & engineering sector has moved -5.2% over the same period, so Cummins India is running 9.6 points behind its peers.
For Cummins India, the question is how much of this is already reflected in the price and how much re-rates the capital goods & engineering peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Cummins India (CUMMINSIND), in Capital Goods & Engineering.
- Over three months: Cummins India -14.8% against Capital Goods & Engineering -5.2% (9.6 points behind).
- At least 25% below the 52-week high: Cummins India (30%).
- Trading well above normal today: Cummins India at 5.8 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Cummins IndiaCUMMINSIND · Capital Goods & Engineering | ₹4,242.00 | -10.2% | -2.8% | -14.8% | -29.6% | 5.8× | — |
Capital Goods & Engineering
1M -6.4% · 3M -5.2%
Cummins India
Prices as of 5 Nov 2026, 10:40 IST. Sector moves are the average of the stocks we track in each sector.
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