Cummins India Ltd. Stock Declines by -3.25% and Rated as 'Hold' by MarketsMOJO

Cummins India Ltd., a leading manufacturer of diesel engines in India, has seen a decline in its stock price by -3.25% on September 19, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has underperformed the sector by -0.6% on the same day. It has also been on a consecutive fall for the last 2 days, with a decline of -4.48% during this period. The stock touched an intraday low of Rs 3662.8, showing a decrease of -2.72%.

While the stock's performance is higher than the 200-day moving average, it is lower than the 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend in the stock's performance.

In the diesel engines sector, Cummins India Ltd. has fallen by -2.14%. However, it is important to note that the stock's performance should not be solely attributed to the sector's performance.

In comparison to the Sensex, Cummins India Ltd. has underperformed with a -3.16% return in the last 1 day, while the Sensex has shown a positive return of 0.24%. Similarly, in the last 1 month, the stock has underperformed the Sensex with a return of -3.17% compared to the Sensex's return of 3.38%.

Overall, Cummins India Ltd. has shown a decline in its stock price and has been rated as 'Hold' by MarketsMOJO. Investors should carefully consider all factors before making any investment decisions.