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Here’s why Cummins is surging in trade

videos | Dec 11, 2020 9:32 AM IST

Here’s why Cummins is surging in trade

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Cummins has not done much this year. The management did tell us last month that they are seeing a sequential recovery in their businesses and they are also seeing an increase in inquiries. So let us see how it pans out because the volumes have been high in the last two days.

Cummins has not done much this year. This week it was up around 3 percent odd, but yesterday it was down around 1.5 percent on large volumes.

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Yesterday’s volumes were 2.5 times the average volume that the stock trades at and the last two days’ volumes were at around 90.6 lakh. This compares with the last week’s volumes of around 50.8 lakh. So it has doubled in the last two days.
In terms of Futures data, the maximum open interest is at Rs 600 per share.
The management did tell us last month that they are seeing a sequential recovery in their businesses and they are also seeing an increase in inquiries.
So let us see how it pans out because the volumes have been high in the last two days.
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