Cummins India Sees Surge in Open Interest Amid Increased Trading Activity
Cummins India Ltd. has seen a notable rise in open interest, reaching 26,377 contracts, alongside a trading volume of 12,990 contracts. The stock outperformed its sector, achieving an intraday high of Rs 3,079. The company maintains a significant market capitalization of Rs 84,651.34 crore.
Cummins India Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the diesel engines sector. The latest open interest stands at 26,377 contracts, marking a rise of 2,528 contracts or 10.6% from the previous open interest of 23,849. The trading volume for the day reached 12,990 contracts, contributing to a total futures value of approximately Rs 14,396.25 lakhs.In terms of price performance, Cummins India outperformed its sector by 0.53%, with the stock reaching an intraday high of Rs 3,079, reflecting a gain of 2.48%. The stock is currently positioned above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Notably, the delivery volume on March 27 surged to 3.8 lakh shares, an increase of 39.27% compared to the 5-day average delivery volume, indicating rising investor participation.
With a market capitalization of Rs 84,651.34 crore, Cummins India continues to maintain a strong presence in the large-cap segment of the market. The increase in open interest and trading volume underscores the stock's active engagement in the current market environment.
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