Cummins India Limited
Axis Mutual Fund increased its stake in Cummins India Limited from 1.47% to 1.54%, acquiring 1,97,810 shares to take its total holding to 42,68,562 shares.
A subsidiary of US-based Cummins Inc., this company designs, manufactures, and distributes diesel and alternative fuel engines ranging from 2.8 to 100 liters for various industrial applications. It produces power generator sets up to 3000 kW capacity alongside related components and technology. The company serves industrial, commercial, and infrastructure sectors across India through its integrated manufacturing and service operations.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.