Cummins India Ltd. Stock Declines by -3.46% on November 12, 2024
Cummins India Ltd. has seen a -3.46% decline in stock price on November 12, 2024, with a 'Hold' call from MarketsMojo. The stock has been on a downward trend for 2 days, with a -4.79% fall. Despite this, it remains a largecap company in the diesel engines sector and a key player in the market.
Cummins India Ltd., a leading manufacturer of diesel engines in India, has seen a decline in its stock price by -3.46% on November 12, 2024. This underperformance is reflected in the stock's current call of 'Hold' by MarketsMOJO.
The stock has been on a downward trend for the past two days, with a fall of -4.79% during this period. On the day of the report, the stock touched an intraday low of Rs 3483, a decrease of -3.27%. 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.
In the diesel engines sector, Cummins India Ltd. has fallen by -2.21%. This decline is also reflected in the stock's 1-day performance of -3.13%, compared to the Sensex's performance of -0.01%. In the past month, the stock has seen a decline of -3.43%, while the Sensex has seen a decline of -2.33%.
Despite these recent declines, Cummins India Ltd. remains a largecap company in the industry. As a leading manufacturer of diesel engines, the company has a strong presence in the market and continues to be a key player in the industry. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.
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