Stock market analyst Rajesh Jain has maintained 'hold' rating on Cummins India Ltd stock to achieve a target of Rs 1000.

According to analyst, the said target can be achieved in a period of 12-18 months.

Today, the stock of the company opened at Rs 723 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 792.70 and a low of Rs 330 on BSE.

Current EPS & P/E ratio stood at 24.96 and 29.10 respectively.

Stock market analyst Sudarshan Sukhani has maintained 'buy' rating on Cummins India Ltd stock with intra-day target of Rs 590.

According to analyst, the investors can buy the stock with stop loss of Rs 560.

The shares of the company, on June 25, closed at Rs 573.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 619.80 and a low of Rs 244 on BSE. Current EPS and P/E ratio of the stock stood at 22.41 & 25.79 respectively.

It has been reported that the U. S. Consumer Product Safety Commission announced a voluntary recall of Cummins Power Generation portable generators due to a fire hazard.

According to the reports, about 550 portable generators were imported from China by Cummins Power Generation of Minneapolis, Minn., and sold nationwide between June 2009 and February 2010 for between $700 and $1,100 each.

Cummins India Ltd was incorporated on 17th February 1962, at Pune. The Company manufacture internal combustion engines in particular diesel engines of all sizes and capacities, reciprocating piston engines, gas turbine engines, gasoline engines, etc. The promoters of the Company were Kirloskar Oil Engines Ltd., Lakshmanrao Kirloskar Road, Khadki, Pune and Cummins Company Inc., Columbus, U. S. A. Its Subsidiary, Cummins Diesel Sales and Service, was engaged in providing after-sales service and spare parts for the entire range of Cummins products through a nationwide network of depots, offices and dealers.