Debt-free companies: These MNC capital goods stocks have shone in 2024 so far Hot Stocks admin March 27, 2024 0 33 7 minutes read Cummins India shares have gained by 50 percent on a YTD basis while in the one-year period, they have shot up by 85 percent. CMP : 2930 | Market Cap : Rs 81,224 crore | PE: 57.2 | ROE :21.6 | Dividend Yield : 0.84%. According to Anand Rathi, the net profit is expected to clock a 21% CAGR over FY24-26. The contribution of powergen and distribution to revenue is set to increase, mainly from the share of exports. Cummins India shares have gained by 50 percent on a YTD basis while in the one-year period the shares have shot up by 85 percent. CMP : 5930 | Market Cap : Rs 25,662 crore | PE: 101 | ROE :22.9 | Dividend Yield : 0.09%. Anand Rathi expects premiumisation to support margins for ABB. Post-Covid, customers have started paying premiums for reliable products and services, pushed up by sustainability related concerns, giving an impetus to energy-efficient products like Drives and IE4 rated motors. ~40% of power is consumed by industrial sectors; of this, ~70% is consumed by motors and drives. Another demand driver is growth in data centres, where the degree of reliability and availability is extremely high. ABB shares are up by 27 percent on YTD basis while in in the one year period they have gained by 78 percent. CMP : 30,367 | Market Cap : Rs 89,562 crore | PE: 53.2 | ROE :13.2 | Dividend Yield : 1.58% . Bosch Ltd has presence across automotive technology, industrial technology, consumer goods, and energy and building technology. It manufactures and trades in products such as diesel and gasoline fuel injection systems, automotive aftermarket products, industrial equipment, electrical power tools, security systems, and industrial and consumer energy products and solutions. BOSCH shares gained by 35 percent on a YTD basis while in one year they jumped by more than 65 percent. CMP : 5,064 | Market Cap : Rs 18,034 crore | PE: 93.1 | ROE :15.4 | Dividend Yield : 0.20%. Siemens, India, with its broad portfolio of products and solutions, is a key beneficiary of the many macro themes currently unfolding in India: digitalisation, sustainability, infra upgradation, and modernisation. – according to Anand Rathi. Siemens shares are up 25 percent on a YTD basis while in the one period period they are up by 53 percent. Advertisement Advertisement e Moneycontrol News Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! `); } if (res.stay_updated) { $(“.stay-updated-ajax”).html(res.stay_updated); } } catch (error) { console.log(‘Error in video’, error); } } }) }, 8000); })