Cummins India Sees Surge in Open Interest Amid Increased Trading Activity

Mar 28 2025 03:00 PM IST
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Cummins India Ltd. has seen a notable rise in open interest, indicating increased trading activity in the diesel engines sector. The stock has outperformed its sector, reaching an intraday high and showing strong delivery volume, reflecting heightened investor participation. The company maintains a robust market capitalization.
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 26,896 contracts, up from the previous 23,849 contracts, marking a change of 3,047 contracts or a 12.78% increase. The trading volume for the day reached 16,915 contracts, contributing to a total futures value of approximately Rs 20,008.32 lakhs.

In terms of price performance, Cummins India outperformed its sector by 0.62%, with the stock touching an intraday high of Rs 3,079, representing a 2.48% increase. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages. Notably, the delivery volume on March 27 was 3.8 lakh shares, reflecting a 39.27% increase compared to the 5-day average delivery volume, indicating rising investor participation.

With a market capitalization of Rs 84,666.58 crore, Cummins India continues to maintain a strong position in the diesel engines industry. The notable rise in open interest today underscores the active trading environment surrounding the stock.
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