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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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   Posted: 29/Jan/2009 at 11:21am |
Maybe the guys owing cars will change the engine instead of changing the car! But even Exide has not crashed as much as the auto makers probably wit the replacement logic.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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nav_1996
Senior Member
Joined: 08/Sep/2006
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Posts: 803
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Posted: 30/Jan/2009 at 2:18pm |
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Yes. replacement logic is correct. They are also a major supplier to railways and telecom where story is still intact.Exide is being also supported by their 50% stake in ING Vysya Insurance.
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furkanalam
Senior Member
Joined: 08/Nov/2007
Location: India
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Posts: 404
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Posted: 30/Jan/2009 at 2:55pm |
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Absolutely replacement logic clearly points to a steady source of revenue unlike for car manufacturers......
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Hitesh Shah
Senior Member
Joined: 12/Oct/2008
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Posts: 3656
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Posted: 10/Feb/2009 at 7:19pm |
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Today's ET Insider Trading shows that LIC bought a ton of Cummins.
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equity analyst
Senior Member
Joined: 18/Jul/2006
Location: India
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Posts: 209
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Posted: 10/Feb/2009 at 10:15pm |
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thats .55% of cummins.
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"Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home."
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9StockPortfolio
Senior Member
Joined: 10/Sep/2008
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Posts: 479
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Posted: 10/Feb/2009 at 10:49pm |
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My calculation says 125 is the right price for cummins, that's why price is following value these days..anyways it's just a comment as i am not interested in cummins.
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Pursuit of Value
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kannanravi1
Senior Member
Joined: 08/May/2007
Location: United States
Online Status: Offline
Posts: 609
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Posted: 09/Jun/2009 at 1:01pm |
http://www.hinduonnet.com/businessline/iw/2000/07/09/stories/0509e051.htmGood article on Cummins India, though a bit old. Figures may be outdated, but the article has some decent bit of analysis on the engine industry and has some good info on the competitive landscape. Their biggest revenue generator is captive power generation and the target industry is IT, Telecom, food processing industry, construction, oil fields, locomotives - almost a list of all the major thrust areas for India's growth. Looks like a financially well run company, is a market leader by a good margin, and has excellent brand name globally. This should be an add at dips at current levels IMO. What say Equity Analyst?  
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kannan
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Ravenrage
Senior Member
Joined: 21/Jun/2010
Location: India
Online Status: Offline
Posts: 859
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Posted: 27/Aug/2011 at 7:01pm |
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Love Valvoline products ... Should compete well in coming years .
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Risk does not reside in price changes, but in miscalculations of intrinsic value .
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