Cummins India hits record high

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Check out the companies from the F&O corner that are making headlines today.

⭐Infosys collaborates with GE Digital
₹1,617 ▲26  (+1.6%)

Shares of Infosys rose more than 1% and settled higher for the second consecutive session. The OI of its February futures contract fell 0.1%, indicating short covering. Meanwhile, the call option OI on the 1,620-1,700 contracts rose between 3% and 45%, respectively. This comes after the company entered into a strategic collaboration with GE Digital to accelerate grid transformation for the utility industry.

⭐Cummins India hits record high
₹1,577 ▲103  (+7.0%)

Cummins India hit a record high and rallied 7% on Thursday. The OI of its February futures contract surged 47%, indicating a long build-up. This comes after the company’s net profit jumped 50% YoY to ₹360 crore. The company said strong domestic and export sales combined with prudent cost management led to an increase in profitability.

⭐HDFC AMC rises on strong SIP inflows
₹1,920 ▲9  (+0.4%)

Shares of HDFC AMC closed higher on Thursday, while the OI of its February futures contract fell 0.6%, indicating short covering. This comes after data released by AMFI highlighted that inflows into equity mutual funds rose 72% month-on-month to ₹12,546 crore in January.

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