Latest news with #CumminsIndia
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Business Standard
6 days ago
- Business
- Business Standard
Dividend stocks: HCL Tech, 46 others go ex-date July 18; do you own any?
Dividend stocks: Shares of Bharti Airtel, Happiest Minds Technologies, HCL Technologies, and 44 other companies are expected to remain in focus during today's trading session following the announcement of dividend payouts for eligible shareholders. Other notable names on the list include Cummins India, AstraZeneca Pharma, Dabur India, Birlasoft, GIC Housing Finance, Goodyear India, and India Motor Parts & Accessories. As per BSE data, these companies' shares will trade ex-dividend on July 18. The ex-date is significant because it marks the day a stock begins trading without the entitlement to corporate benefits such as dividends or bonus shares. To be eligible for these benefits, investors must purchase the stock before the ex-date. Therefore, today is the last opportunity for investors to buy shares and qualify for the announced dividends, as the record date will finalize the list of eligible shareholders. Among the highlighted companies, Cummins India has declared the highest dividend, announcing a final payout of ₹33.50 per share for the financial year 2024–25, with July 18 set as the record date. AstraZeneca Pharma India follows with a dividend of ₹32 per share, also setting its record date on July 18. Among other, Goodyear India has announced a dividend of ₹23.90 per share, while India Motor Parts & Accessories has declared ₹20 per share. Bharti Airtel, on the other hand, has announced a dividend of ₹16 per share. All these companies have confirmed July 18 as the record date for determining eligible shareholders. Here is the complete list of stocks that will trade ex-dividend on July 18, along with details of their dividend announcements: Company Ex-date Purpose Record date Aegis Logistics July 18, 2025 Final Dividend - ₹6 July 18, 2025 Afcons Infrastructure July 18, 2025 Final Dividend - ₹2.50 July 18, 2025 ASK Automotive July 18, 2025 Final Dividend - ₹1.50 July 18, 2025 AstraZeneca Pharma India July 18, 2025 Dividend - ₹32 July 18, 2025 Bajaj Electricals July 18, 2025 Final Dividend - ₹3 July 18, 2025 Bharti Airtel July 18, 2025 Final Dividend - ₹16 July 18, 2025 Blue Star July 18, 2025 Final Dividend - ₹9 July 18, 2025 Birlasoft July 18, 2025 Final Dividend - ₹4 July 18, 2025 Citadel Realty and Developers July 18, 2025 Interim Dividend - ₹0.50 July 18, 2025 Cummins India July 18, 2025 Final Dividend - ₹33.50 July 18, 2025 Dabur India July 18, 2025 Final Dividend - ₹5.25 July 18, 2025 Dhanuka Agritech July 18, 2025 Final Dividend - ₹2 July 18, 2025 Dollar Industries July 18, 2025 Final Dividend - ₹3 July 18, 2025 Elgi Equipments July 18, 2025 Final Dividend - ₹2.20 July 18, 2025 Exide Industries July 18, 2025 Final Dividend - ₹2 July 19, 2025 GIC Housing Finance July 18, 2025 Final Dividend - ₹4.50 July 18, 2025 Goodyear India July 18, 2025 Final Dividend - ₹23.90 July 18, 2025 GRP July 18, 2025 Final Dividend - ₹14.50 July 18, 2025 Happiest Minds Technologies July 18, 2025 Final Dividend - ₹3.50 July 18, 2025 HCL Technologies July 18, 2025 Interim Dividend - ₹12 July 18, 2025 Hitech Corporation -$ July 18, 2025 Final Dividend - ₹1 July 18, 2025 India Motor Parts & Accessories July 18, 2025 Dividend - ₹20 July 18, 2025 Indian Hume Pipe Company July 18, 2025 Final Dividend - ₹1.80 July 18, 2025 Indian Hume Pipe Company July 18, 2025 Special Dividend - ₹4 July 18, 2025 Intellect Design Arena July 18, 2025 Special Dividend - ₹3 July 18, 2025 Intellect Design Arena July 18, 2025 Final Dividend - ₹4 July 18, 2025 Jubilant FoodWorks July 18, 2025 Final Dividend - ₹1.20 July 18, 2025 Kotak Mahindra Bank July 18, 2025 Final Dividend - ₹2.50 July 18, 2025 Laxmi Organic Industries July 18, 2025 Final Dividend - ₹0.50 July 18, 2025 Magadh Sugar & Energy July 18, 2025 Final Dividend - ₹12.50 July 18, 2025 Mahindra Lifespace Developers July 18, 2025 Final Dividend - ₹2.80 July 18, 2025 C.E. Info Systems July 18, 2025 Final Dividend - ₹3.50 July 18, 2025 Mangalam Global Enterprise July 18, 2025 Final Dividend - ₹0.01 July 18, 2025 Neuland Laboratories July 18, 2025 Final Dividend - ₹12 July 18, 2025 Newgen Software Technologies July 18, 2025 Final Dividend - ₹5 July 18, 2025 Orient Electric July 18, 2025 Final Dividend - ₹0.7500 July 18, 2025 Pix Transmissions July 18, 2025 Final Dividend - ₹9 July 18, 2025 PlatinumOne Business Services July 18, 2025 Final Dividend - ₹2 July 18, 2025 Prudent Corporate Advisory Services July 18, 2025 Final Dividend - ₹2.50 July 18, 2025 Punjab Chemicals & Crop Protection -$ July 18, 2025 Final Dividend - ₹3 July 18, 2025 Safari Industries India July 18, 2025 Final Dividend - ₹1.5000 July 18, 2025 Shanthi Gears July 18, 2025 Final Dividend - ₹2 July 19, 2025 Sundaram Brake Linings July 18, 2025 Final Dividend - ₹1.50 July 18, 2025 Swelect Energy Systems -$ July 18, 2025
Mint
09-07-2025
- Business
- Mint
Best midcap stocks to buy today, 9 July, recommended by NeoTrader's Raja Venkatraman
Midcap and small-cap segments represent dynamic and critical components of the equity market, offering both enticing growth opportunities and distinct risks. These segments typically include companies that, while not as well-established as large-cap firms, have significant expansion potential. The last few months have been quite challenging, and we will need to mix our approach with the objective of generating some returns. Here are three midcap stocks to buy as recommended by Raja Venkatraman for Wednesday Navin Fluorine International (Cmp ₹5,040) Also Read: Lodha Developers pre-sales dull, but business development activity remains solid Cummins India (Cmp ₹3,478) Datamatics Global Services (Cmp ₹669.05) Also Read: With ₹3.4 trillion already in, are DIIs the new market movers from here on? Sentiment holds onto positive vibes Midcap stocks have staged a strong comeback by June 2025, reclaiming investor confidence after a turbulent start to the year. The midcap indices closed at an encouraging point, marking a steady uptrend and staying above key moving averages. This resurgence is underpinned by a confluence of favourable factors: softening inflation, a dovish monetary policy stance, and robust earnings growth in the midcap segment. The Reserve Bank of India's recent 50 basis point rate cut—its third in 2025—has improved liquidity, while a 100 bps CRR reduction is expected to inject ₹2.5 lakh crore into the system. These moves have bolstered domestic sentiment and revived foreign institutional flows. Midcap companies, in particular, have outperformed, with the Nifty Midcap 150 reporting a 21% rise in profits in Q4 FY25. Valuations, which had corrected sharply earlier in the year, are now seen as attractive, especially in sectors like capital goods, financials, and building materials. With above-average monsoon forecasts supporting rural demand and global rate stability on the horizon, analysts believe the midcap rally has legs—provided earnings momentum and macro stability persist. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
26-06-2025
- Business
- Business Standard
Cummins India gains on launching Battery Energy Storage Systems
Cummins India rose 1.54% to Rs 3367.60 after the company announced the launch of its Battery Energy Storage Systems (BESS). Designed primarily for the domestic market, these advanced battery storage solutions will cater to key sectors including manufacturing, data centers, commercial real estate, and mining -- industries that are increasingly relying on stable, renewable energy sources. BESS technology plays a vital role in enabling integration of solar and wind energy into existing grids, helping customers maximize renewable energy usage and manage electricity costs through peak shaving and energy shifting. The BESS products are built on lithium ferrophosphate (LFP) battery technology, known for its safety and long life. The systems are designed to be modular and scalable, available in 10ft and 20ft container formats, and range in capacity from 200kWh to 2MWh. They also feature integrated liquid cooling for thermal management, meet stringent global safety standards, and are packaged for ease of transportation and quick installation. Cummins India is one of the leading power solutions providers in the country. It is involved in the power generation, aftermarket, and export businesses. The company has a strong manufacturing backbone and has five manufacturing plants, assembly, and distribution facilities. On a consolidated basis, net profit of Cummins India declined 1.74% to Rs 529.50 crore while net sales rose 6.88% to Rs 2428.13 crore in Q4 March 2025 over Q4 March 2024.
Business Standard
26-06-2025
- Business
- Business Standard
Cummins India launches its Battery Energy Storage Systems products
Cummins India announced the launch of its Battery Energy Storage Systems (BESS), expanding its sustainable solutions portfolio in line with Destination Zero strategy. This state-of-the-art energy storage solution is designed to support India's clean energy transition and strengthen the reliability of country's power infrastructure. Battery Energy Storage System (BESS) is emerging as reliable and efficient technology for addressing the energy transition requirements of key industries such as manufacturing, data centers, commercial realty, and mining. These systems enable seamless integration of clean, renewable, and intermittent energy sources like solar and wind with the existing power infrastructure. This ensures that customers can maximize renewable energy use and optimize energy costs through peak shaving and energy shifting. Commenting on the launch, Shveta Arya, Managing Director, Cummins India Limited, said, India's energy mix is undergoing a significant transformation, driven by ambitious climate commitments, rapid adoption of renewables, and a national focus on clean and inclusive growth. At Cummins, we recognize this pivotal moment as an opportunity to innovate with purpose. Our Battery Energy Storage System (BESS) is a crucial enabler in this transition. It offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow. Through this launch, we are proud to support India's journey towards net-zero emissions by 2070 and power possibilities for generations to come.
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Business Standard
26-06-2025
- Business
- Business Standard
Cummins India shares rise on launching battery energy storage systems
Shares of Cummins India rose over 2 per cent on Thursday after it launched Battery Energy Storage Systems (BESS) in line with the company's 'Destination Zero' strategy. The diesel and natural gas engines maker's stock rose as much as 2.1 per cent during the day to ₹3,388.6 per share. The stock pared gains to trade 1.8 per cent higher at ₹3,389 apiece, compared to a 0.52 per cent advance in Nifty 50 as of 12:50 PM. Shares of the company have gained for the third straight session. The counter has risen 3.3 per cent this year, compared to a 7 per cent advance in the benchmark Nifty 50. Cummins India has a total market capitalisation of ₹93,811.41 crore, according to BSE data. Track LIVE Stock Market Updates Here Cummins India Launches BESS The company launched its battery energy storage systems, expanding its sustainable solutions portfolio under the company's 'Destination Zero' strategy, according to an exchange filing on Thursday. "This system is designed to support India's clean energy transition and strengthen the reliability of the country's power infrastructure," it said. BESS technology enables integration of renewable and intermittent energy sources like solar and wind with existing infrastructure, providing benefits such as peak shaving, energy shifting, and optimised energy costs. It is expected to find strong demand across industries such as manufacturing, data centres, real estate, and mining, the company said in the statement. India's energy landscape is undergoing a major shift, driven by climate goals and growing renewable adoption, Shveta Arya, managing director of Cummins India, said. 'Our BESS offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow,' she said, adding that the solution aligns with India's net-zero ambitions for 2070 and underscores Cummins' commitment to purposeful innovation. Cummins India Q4 result 2025 In the quarter ended March 31, 2025, the company posted a consolidated net profit of ₹529.5 crore as against ₹538.86 crore a year ago, down 2 per cent. Its revenue from operations stood at ₹2,470.38 crore as compared to ₹2,319.02 crore a year ago, up 6.5 per cent. About Cummins India Cummins India is a power solutions provider in the country. It is involved in the power generation, aftermarket, and export businesses. The company has a strong manufacturing backbone and has five manufacturing plants, assembly, and distribution facilities. With over 480 customer touchpoints, the company is committed to powering the success of its customers and ensuring that its services and solutions are readily accessible.
