Cummins India Ltd. sees 3.42% increase in stock price, given 'Hold' call by MarketsMOJO

Nov 06 2024 11:15 AM IST
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Cummins India Ltd., a leading diesel engine manufacturer in India, saw a 3.42% increase in its stock price on November 6, 2024. The stock has been given a 'Hold' call by MarketsMojo. It outperformed the Sensex with a 1-day performance of 3.58% and has shown a positive trend in the diesel engines sector.

Cummins India Ltd., a leading manufacturer of diesel engines in India, saw a 3.42% increase in its stock price on November 6, 2024. The stock has been given a 'Hold' call by MarketsMOJO, a leading stock market analysis platform.

The stock's performance today was in line with the sector, with a trend reversal after two consecutive days of falling. It touched an intraday high of Rs 3595.55, showing a 3.6% increase. However, the stock's moving averages are currently higher than the 5-day and 200-day moving averages, but lower than the 20-day, 50-day, and 100-day moving averages.

In the diesel engines sector, Cummins India Ltd. has gained by 2.98%. This shows a positive trend in the sector, which could potentially benefit the company in the future.

In comparison to the overall market performance, Cummins India Ltd. has outperformed the Sensex with a 1-day performance of 3.58% compared to the Sensex's 0.60%. However, in the past month, the stock has seen a slight decline of -1.01%, while the Sensex has seen a larger decline of -2.12%.

Overall, Cummins India Ltd. has shown a positive performance in the stock market, with a 'Hold' call from MarketsMOJO. With a strong presence in the diesel engines industry and a positive trend in the sector, the company is poised for potential growth in the future.
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