Cummins India Ltd. Sees Surge in Active Put Options with 4,326 Contracts at Rs 3000 Strike

Cummins India Ltd., a prominent player in the Compressors, Pumps & Diesel Engines industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, with a market capitalization of Rs 87,323.54 crore, has seen significant trading activity in its put options set to expire on June 26, 2025.
Notably, the put option with a strike price of Rs 3000 recorded the highest trading volume, with 4,326 contracts exchanged and a turnover of Rs 442.80 lakh. This was closely followed by the Rs 3100 strike price put, which saw 2,980 contracts traded, generating a turnover of Rs 432.82 lakh. The Rs 2900 strike price put also attracted attention, with 2,970 contracts traded and a turnover of Rs 179.06 lakh. Additionally, a put option with a strike price of Rs 3000 expiring on May 29, 2025, had 6,503 contracts traded, contributing a turnover of Rs 30.63 lakh.

The underlying stock value for Cummins India stands at Rs 3133.5. The stock has been performing well, gaining 6.56% over the past four days, with a day's high of Rs 3163.5. The stock's performance today aligns with sector trends, as the diesel engines sector has gained 4.78%. Overall, the liquidity remains robust, supporting a trade size of Rs 3.15 crore, indicating a healthy trading environment for investors.