The Hindu Business Line : Cummins India up on FII backing

The Cummins India counter has been a big buzzer on the bourses with several foreign institutional investors (FIIs) looking to pick up stake in the diesel engine manufacturer, according to dealers. The company's prospects from export growth and higher margin from domestic sales have prompted the interest in the counter, say analysts.

There is also speculation that the company might be making a strategic announcement shortly. Currently, FIIs own 19.20 per cent in the company.

The stock gained 4.82 per cent on Monday. It opened at Rs 241 and touched an intra-day high of Rs 251.80 before ending at Rs 248.80. Close to 8.5 lakh shares were traded at this counter on the BSE on Monday. At the NSE, over 19 lakh shares were traded, registering a total turnover of Rs. 47.04 crore.

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