Cummins India slides after parent firm withdraws 2025 financial forecast
ReutersMay 6, 2025 6:25 AM
Shares of Cummins India CUMM.NS fall as much as 7.8% to 2,711 rupees, last down 5.2%
U.S.-based truck engine maker, Cummins CMI.N, parent firm of CUMM, withdrew its annual forecast on Monday on growing uncertainty generated by U.S. President Donald Trump's import tariffs
CMI said its international revenue decreased 5% in the March-quarter on lower demand in Latin America and Asia Pacific
CUMM is set to log worst day in a month
Stock eyes busiest trading session in three months, volumes at 3.5x the 30-day avg
CUMM is rated "buy" on avg, media PT at 3,479 rupees - data compiled by LSEG
Year-to-date, stock down ~10%
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