MoneyWorks4Me

FIIs increase stake in Cummins India

15 Apr 2014 Evaluate

Foreign institutional investors (FIIs) have increased shareholding in Cummins India to 18.42% at the end of March 2014 quarter from 16.95% in December 31, 2013. On the other hand, domestic institutional investors (DIIs) have reduced shareholding in the company to 17.24% at the end of March 2014 quarter from 18.23% as on December 31, 2013. Meanwhile, promoter and promoter group shareholding was unchanged at 51% at the end of March 2014 quarter.

Cummins India is leading manufacturer of diesel and a subsidiary of Cummins Inc USA, the world’s largest independent diesel engine designer and manufacturer of engines above 200 HP.

Peers
Company Name CMP
Cummins India 4870.05
Kirloskar Oil Engine 2230.20
Greaves Cotton 211.85
Swaraj Engines 3549.75
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