Cummins India Limited
ICICI Prudential Mutual Fund increased its stake in Cummins India from 1.53% to 3.39%, purchasing 51,54,872 shares to take its total holding to 94,02,916 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.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.