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This company is Cummins India. The company's stock continues to fall. On Friday, the stock opened at Rs 3,700 against the closing price of Rs 3,782.65. After this, the stock has come down to Rs 3,570.
Why the fall- Goldman Sachs report has recommended selling the stock. The target for the stock has been set at Rs 2,900.
The report cites three major concerns. The increasing use of battery energy storage systems (BESS) and other alternatives will reduce the overall demand for diesel generators in the medium to long term.
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