Cummins India, engaged in design and manufacture of diesel engines and generator sets, witnessed a fall in share price on Thursday after the company announced a decline in standalone net profit for the quarter ended September 2016. During the quarter, the profit of the company declined 0.53% to Rs 1,969 million from Rs 1,979.50 million in the same quarter last year.
Revenues for the quarter rose 5.20% to Rs 13,599.20 million, compared with Rs 12,927 million for the prior year period.
Shares of Cummins India are trading at Rs 850, down Rs 27.55, or 3.14% at the Bombay Stock Exchange (BSE) on Thursday at 10:37 a.m.
The scrip has touched an intra-day high of Rs 883.80 and low of Rs 837. The total volume of shares traded at the BSE is 13,596.
Total volume of shares traded on the bourses today was higher by 16.04% to 278,210 compared with 22-day average volume of 239,760.