Motilal Oswal has released a report that Blue Chip powerhouse Cummins India will be an important beneficiary of the new CPCB-2 norms notified by the Central Pollution Control Board for implementation wef April 1, 2014 for Diesel gensets upto 800kw (~1000hp)
Motilal Oswal has explained that the new pollution norms will make increased sales and better margins for Cummins and that the stock should be bought for a target price of Rs. 540.
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