Cummins India Q3FY08 Results

Cummins India Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit after tax of Rs 746.10 million for the quarter ended December 31, 2007 as compared to Rs 628.90 million for the quarter ended December 31, 2006. Total Income has increased from Rs 5029.50 million for the quarter ended December 31, 2006 to Rs 6171.10 million for the quarter ended December 31, 2007.

Cummins India Q2 Results

Cummins India Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a net profit of Rs 664.60 million for the quarter ended September 30, 2007 as compared to Rs 626.90 million for the quarter ended September 30, 2006. Total Income has increased from Rs 4869.10 million for the quarter ended September 30, 2006 to Rs 5545.00 million for the quarter ended September 30, 2007.

Weekly Recommendations

Praj Industries: Buy

Investments can be considered in the stock of Praj Industries, a leader in biofuel technology, with a 2-3 year perspective. The company is well placed to benefit from the robust demand outlook for ethanol equipment and technology

Cummins India: Hold

While growth prospects for Cummins India appear attractive, concerns over currency appreciation and margin pressure could cap price appreciation.

Bharat Forge: Hold
Though slowdown and margin pressures may impact earnings in the short-term, the long-term prospects appear good.

3M India: Buy
A diversified roster of products and clients makes for bright growth prospects and resilience in earnings.

Radio waves
Sun TV Network through its subsidiary — South Asia FM — has picked up about 49 per cent stake in Red FM to further its FM Radio broadcasting business in the North, West and East Indian

Adlabs Films: Buy
As one or two box-office hits have the ability to magnify profits, investors need to take a long-term view