Cummins India Ltd. Sees 25.96% Surge in Open Interest, Reaching 26,981 Contracts
Cummins India Ltd., a prominent player in the Compressors, Pumps & Diesel Engines industry, has experienced a significant increase in open interest today. The latest open interest stands at 26,981 contracts, reflecting a notable rise of 5,560 contracts or 25.96% from the previous open interest of 21,421. This surge coincides with a trading volume of 33,486 contracts, indicating robust activity in the derivatives market.In terms of market performance, Cummins India is currently trading close to its 52-week high, just 0.59% away from Rs 4,168.7. The stock has outperformed its sector by 0.39% today, with a 1.87% return, while the broader Sensex has declined by 0.21%. Over the past two days, Cummins India has shown consistent gains, accumulating a total return of 3.58%.
The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume on October 23 reached 394,000 shares, marking an impressive increase of 181.33% compared to the 5-day average. With a market capitalization of Rs 1,14,844 crore, Cummins India continues to demonstrate liquidity suitable for trades of Rs 2.73 crore. Overall, the notable rise in open interest and strong performance metrics highlight the stock's active engagement in the market.
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