Cummins India . Stock Price Declines by -3.54% on October 21, 2024

Oct 21 2024 03:00 PM IST
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Cummins India, a major diesel engine manufacturer, experienced a -3.54% decline in stock price on October 21, 2024. This is reflected in the 'Hold' rating given by MarketsMojo. The stock is currently trading above its 200 day moving average but below its 5, 20, 50, and 100 day averages. The company's stock performance has been affected by a -2.07% decline in the diesel engine sector. Despite this, Cummins India remains a significant player in the industry and investors can keep an eye on its performance in the future.


Cummins India ., a leading manufacturer of diesel engines, has seen a decline in its stock price by -3.54% on October 21, 2024. This underperformance is reflected in the stock call given by MarketsMOJO, which has rated it as 'Hold'.

The stock touched an intraday low of Rs 3596, showing a decrease of -3.07%. While the company's stock is currently trading higher than its 200 day moving average, it is lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In the diesel engine sector, Cummins India . has fallen by -2.07%. This decline in the sector has also affected the company's stock performance.

In comparison to the Sensex, Cummins India .'s 1 day performance is -3.54%, while the Sensex's performance is -0.01%. Similarly, in the past month, the company's stock has seen a decline of -6.07%, while the Sensex has seen a decline of -3.93%.

Despite the recent decline in stock price, Cummins India . remains a largecap company in the industry. As a leading manufacturer of diesel engines, the company continues to play a significant role in the sector. Investors and stakeholders can continue to monitor the company's performance in the coming days.
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