Goldman Sachs has downgraded Cummins to sell for Target Price of ₹2900

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Oct 12, 2024.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    Goldman Sachs has flagged 3 concerns

    1) CPCB-IV transition has made diesel gensets 15-25% more expensive &with competitors introducing more SKUs in high KVA gensets, expect incremental mkt share gains to be at expense of profitability

    2) Expect BESS & other alternatives to reduce overall demand of diesel gensets in medium-to-long term

    3) Weak macro environment & stringent emission norms should keep exports growth rates lower
     
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