The company announced the results during trading hours today, 2 August 2012.

Meanwhile, the BSE Sensex was down 48 points or 0.28% to 17,209.38.

The stock surged on high volumes. On BSE, 3.16 lakh shares were traded in the counter as against average daily volume of 20,416 shares in the past one quarter.

The stock hit a high of Rs 475.80 and a low of Rs 431.45 so far during the day. The stock had hit a 52-week high of Rs 505 on 2 April 2012. The stock had hit a 52-week low of Rs 322 on 21 December 2011.

The stock had underperformed the market over the past one month till 1 August 2012, falling 3.9% compared with the Sensex's 0.99% fall. The scrip had also underperformed the market in past one quarter, declining 9.26% as against Sensex's 0.35% fall.

The large-cap company has an equity capital of Rs 55.44 crore. Face value per share is Rs 2.

Cummins India's core operating profit margin (OPM) rose to 18.46% in Q1 June 2012 from 16.82% in Q1 June 2011. The muted growth in the company's bottom line was due to base effect. The company's bottom line in Q1 June 2011 was boosted by exceptional one time profit of Rs 51.44 crore on sale of the company's entire stake in its joint venture (JV) Cummins Exhaust India to its US based parent firm.

Cummins India, headquartered in Pune, is India's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets.