{"id":118836,"date":"2024-02-08T15:47:43","date_gmt":"2024-02-08T10:17:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118836"},"modified":"2024-02-08T15:47:44","modified_gmt":"2024-02-08T10:17:44","slug":"auto-ancillary-stock-jumps-8-after-net-profits-of-the-company-grew-by-52-qoq","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-8-after-net-profits-of-the-company-grew-by-52-qoq\/","title":{"rendered":"Auto ancillary stock jumps 8% after net profits of the company grew by 52% QoQ"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1182809304\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this auto ancillary stock under the \u2018large-cap\u2019 category jumped around 8 percent in Thursday\u2019s trading session after the company reported financial results for the quarter ended December 2023. In the past month, the company\u2019s stock has gained nearly 30 percent for its shareholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1380812397\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 71,933.40 crores, the stocks of Cummins India Limited started their trading session on Thursday at Rs 2,544 and currently trade at Rs 2,595, gaining nearly 8 percent compared to the previous closing levels of Rs 2,399.20 apiece.\u00a0<\/p><p>The company\u2019s shares witnessed an intra-day high price of Rs 2,642.45 which is also marked as the company\u2019s fresh 52-week high price.&nbsp;<\/p><p>Such bullish stock price movements were observed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE), announced the financial results for the quarter ended December 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3858896415\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>During the recent financial quarters, the company reported a jump in both the prime indicators of business, viz, operating revenues as well as after-tax profits with the former taking a shift from Rs 1,893 crores during Q2FY24 to Rs 2,510 crores during Q3FY24, and the after-tax profits, during the same period, rose nearly 52 percent, from Rs 329 crores to Rs 500 crores.&nbsp;<\/p><p>Moreover, the company, yearly, reported an increase in both metrics mentioned above with the operating revenues rising from Rs 2,150 crores during Q3FY23 to Rs 2,510 crores during Q3FY24, and the latter, keeping the timeframe the same, shifted from Rs 414 crores to Rs 500 crores.&nbsp;<\/p><p>As per the latest shareholding pattern data for the December 2023 quarter, the company\u2019s Promoters hold a 51 percent stake, and the Foreign Institutional Investors (FIIs), marginally increasing their stake in the recent period, currently hold a considerable stake of 16.51 percent in the company.&nbsp;<\/p><p>As per the recent presentations, the company is actively exploring opportunities in battery-based powertrains, hydrogen-based ICE engines, and electrolyzers.&nbsp;<\/p><p>Cummins India Limited is engaged in the business of designing and manufacturing service engines and other associated technologies. The company produces fuel systems, filtration, air handling, emission solutions, etc. Apart from the domestic operations, the company exports its products overseas to Europe, North America, and other Asian countries.<\/p><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3695209306\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3229469238\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this auto ancillary stock under the \u2018large-cap\u2019 category jumped around 8 percent in Thursday\u2019s trading session after the company reported financial results for the quarter ended December 2023. In the past month, the company\u2019s stock has gained nearly 30 percent for its shareholders.&nbsp; With a market capitalization of Rs 71,933.40 crores, the stocks [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-118836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auto ancillary stock jumps 8% after net profits of the company grew by 52% QoQ - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this auto ancillary stock under the \u2018large-cap\u2019 category jumped around 8 percent in Thursday\u2019s trading session after the company reported financial results for the quarter ended December 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-8-after-net-profits-of-the-company-grew-by-52-qoq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto ancillary stock jumps 8% after net profits of the company grew by 52% QoQ\" \/>\n<meta property=\"og:description\" content=\"Shares of this auto ancillary stock under the \u2018large-cap\u2019 category jumped around 8 percent in Thursday\u2019s trading session after the company reported financial results for the quarter ended December 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-8-after-net-profits-of-the-company-grew-by-52-qoq\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-08T10:17:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-08T10:17:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/auto-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-8-after-net-profits-of-the-company-grew-by-52-qoq\/\",\"url\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-8-after-net-profits-of-the-company-grew-by-52-qoq\/\",\"name\":\"Auto ancillary stock jumps 8% after net profits of the company grew by 52% QoQ - 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