Cummins India Ltd. Sees Surge in Open Interest Amid Increased Trading Activity

Apr 23 2025 02:00 PM IST
share
Share Via
Cummins India Ltd. has seen a significant rise in open interest, reaching 40,785 contracts, indicating increased trading activity. The stock has outperformed its sector slightly and is trading above certain moving averages, despite a drop in delivery volume. Its market capitalization stands at Rs 80,637.48 crore.
Cummins India Ltd. has experienced a notable increase in open interest today, signaling heightened activity in its trading. The latest open interest stands at 40,785 contracts, reflecting a rise of 3,763 contracts or 10.16% from the previous open interest of 37,022. The trading volume for the day reached 18,202 contracts, contributing to a futures value of approximately Rs 41,933 lakhs.

In terms of performance, Cummins India has outperformed its sector by 0.32%, with a one-day return of 0.43%, aligning closely with the Sensex's return of 0.39%. The stock is currently trading above its 5-day and 50-day moving averages, although it remains below the 20-day, 100-day, and 200-day moving averages.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 56.13% compared to the 5-day average. Overall, the stock maintains a market capitalization of Rs 80,637.48 crore, categorizing it as a large-cap entity in the diesel engines industry. This increase in open interest, coupled with the current trading metrics, underscores a significant moment for Cummins India Ltd. in the market landscape.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News