** Cummins India CUMM.NS soars as much as 5.8% to 3,090 rupees; set to gain for third straight day

** Co, a unit of U.S.-based truck engine maker Cummins CMI.N, reports ~12% y/y rise in Q3 consol PAT

** Says overall sales up ~22% y/y, which largely included the sales of engines and power generators

** Adds co remains cautiously optimistic about demand outlook for the near-term

** More than 1 mln shares traded vs 30-day avg of 679,642

** Stock rated "hold" on avg; median PT is 3,650 rupees - LSEG

** CUMM last up 1.7%, trims YTD losses to 10.8%

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))