Cummins India Ltd. Sees 11.92% Surge in Open Interest to 30,081 Contracts

Cummins India Ltd., a prominent player in the Compressors, Pumps & Diesel Engines industry, has experienced a notable increase in open interest today. The latest open interest stands at 30,081 contracts, reflecting a rise of 3,204 contracts or 11.92% from the previous open interest of 26,877. This surge in open interest comes alongside a trading volume of 10,616 contracts, indicating active participation in the market.
In terms of financial metrics, Cummins India has a market capitalization of Rs 1,09,992 crore, categorizing it as a mid-cap stock. The stock's performance today has been in line with the sector, with a 1D return of -0.28%, slightly better than the sector's return of -0.56% and the Sensex's return of -0.49%. Despite this, the stock has faced a consecutive decline over the past three days, with a total drop of -0.99% during this period.

Additionally, the stock's liquidity remains robust, with a delivery volume of 1.08 lakh on September 25, although this figure has decreased by 30.02% compared to the five-day average. Cummins India continues to trade above its 50-day, 100-day, and 200-day moving averages, while falling below its 5-day and 20-day moving averages. Overall, the increase in open interest highlights a significant shift in market dynamics for Cummins India.