Cummins India Ltd. Sees 24.3% Surge in Open Interest Amid Increased Trading Activity
Cummins India Ltd. has seen a notable rise in open interest, reaching 30,271 contracts, alongside a trading volume of 67,136 contracts. The stock achieved a new 52-week high of Rs. 4,312, reflecting consistent gains and strong market engagement, particularly in the diesel engines sector.
Cummins India Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 30,271 contracts, up from the previous figure of 24,354, marking a change of 5,917 contracts or a 24.3% increase. The trading volume for the day reached 67,136 contracts, indicating robust market engagement.In terms of price performance, Cummins India hit a new 52-week high of Rs. 4,312, representing a 3.08% increase during the trading session. The stock has shown consistent gains over the past three days, accumulating a total return of 7.48%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.
The diesel engines sector, in which Cummins operates, has also seen a positive performance, gaining 2.83% today. Notably, the delivery volume on October 24 surged to 540,000 shares, a 164.6% increase compared to the 5-day average, highlighting increased liquidity in the stock. Overall, Cummins India Ltd. continues to demonstrate strong market activity and performance metrics.
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