Cummins India Ltd. Outperforms Sector with 3.99% Gain on November 8, 2024
Cummins India Ltd., a leading diesel engine manufacturer in India, had a positive performance on November 8, 2024. The stock gained 3.99%, outperforming the sector by 2.15%. Its moving averages also show a positive trend, with the current price higher than the 5-day, 20-day, and 200-day averages. In comparison to the Sensex, Cummins India Ltd. has performed well in the past day and month. It is a largecap company in the industry and has been recommended as a 'Hold' by MarketsMojo.
Cummins India Ltd., a leading manufacturer of diesel engines in India, saw a positive performance on November 8, 2024. The stock gained 3.99%, outperforming the sector by 2.15%. This positive movement was reflected in the stock's opening, with a gain of 2.41% and an intraday high of Rs 3633, an increase of 2.57%.
The stock's moving averages also show a positive trend, with the current price being higher than the 5-day, 20-day, and 200-day moving averages. However, it is lower than the 50-day and 100-day moving averages.
In comparison to the Sensex, Cummins India Ltd. has performed well in the past day and month, with a 1-day performance of 3.99% compared to the Sensex's -0.10% and a 1-month performance of -0.62% compared to the Sensex's -2.66%.
Cummins India Ltd. is a largecap company in the diesel engine industry and has been recommended as a 'Hold' by MarketsMOJO. With its positive performance and strong presence in the market, Cummins India Ltd. continues to be a key player in the industry.
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