By [ad_1]
Kotak Institutional Equities has upgraded the target price of Cummins India Ltd. as it expects quick expansion in their gross margins. Cummins India may alter its defensive stance on pricing, resulting in improvement in gross margins, the brokerage said in a Nov. 23 note. A positive outlook on margins from its peer, Kirloskar Oil Engines Ltd., also led Kotak to raise the target price for the heavy electricals firm.
[ad_2]
Source link
What is your reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
