Market Performance and Sector Influence
The stock’s recent underperformance is evident when compared to the broader market and its sector peers. Over the past week, Cummins India’s shares have declined by 3.19%, slightly worse than the Sensex’s 2.43% fall. The one-month performance is more pronounced, with the stock down 12.68% compared to the Sensex’s 4.66% decline. Year-to-date, the stock has lost 11.3%, more than double the Sensex’s 4.32% drop. This trend indicates that the stock is currently facing pressures beyond general market movements.
On the day in question, the Diesel Engines sector, to which Cummins India belongs, fell by 3.07%, signalling a broader sector weakness that has weighed on the stock. The intraday low of ₹3,916.75, representing a 3.74% drop, was ...
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