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VERIFIEDET Stocks·neutral

Nomura downgrades Cummins India shares to Neutral despite raising target price by 25%. Here’s why

AI Summary
  • ·Nomura downgraded Cummins India shares to "Neutral".
  • ·The brokerage raised its target price by 25%.
  • ·Reasons cited include stretched valuations and near-term margin pressure from rising commodity costs.
CUMMINSIND
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