Cummins India . sees positive trend in stock performance, outperforms sector by 1.82%

Cummins India ., a leading manufacturer of diesel engines in India, saw a positive trend in its stock performance on October 28, 2024. The stock gained 3.23%, outperforming the sector by 1.82%. The stock call for Cummins India . by MarketsMOJO is 'Hold'.

The stock touched an intraday high of Rs 3437.6, showing a 3.39% increase. This is a significant reversal from the previous five days of consecutive fall. However, the stock is currently trading higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In the diesel engines sector, Cummins India . has gained 2.11%, indicating a positive trend in the industry. The company's stock performance on October 28, 2024, was also better than the overall performance of the Sensex, which saw a 1.39% increase. In the past month, Cummins India .'s stock has seen a decline of 11.45%, while the Sensex has seen a decline of 5.92%.

Cummins India . continues to be a major player in the diesel engines industry, with a large market cap. The company's stock performance on October 28, 2024, reflects its strong position in the market. Investors are advised to hold their positions in the stock, as recommended by MarketsMOJO.