Nomura downgraded Cummins India to “Neutral” despite raising its target price by 25%, citing stretched valuations and near-term margin pressure from rising commodity costs. While the brokerage remains optimistic about long-term growth driven by data centres and emission norm upgrades, it believes the current valuation leaves limited room for further upside.
Dell shares soar more than 30% on strong earnings
Following robust financial results, Dell’s stock soared, reflecting a successful pivot toward AI servers that has truly paid off, surpassing the company’s historical reliance on
May 29, 2026