This stock in current bad phase can go down to max imum low levels of 155 if market drops to 8500 levels. If market remains steady it will go up by 175 by all means.
The company had produced fabulous results in December quarter. Subsequently the management issued a statement indicating cautious outlook looking to external environment. Bears used this opportunity and tried to hammer the stock down. That took share price of Cummins from 225+ levels to 155 level. My hunch is company has been doing well in March quarter also and when results are out or round about that time, share price could touch Rs.250/- or thereabout. Let us wait and watch.
| NIFTY 
