Cummins India fell 1.61% to Rs 573.05 at 11:18 IST on BSE, with the stock declining on profit booking.
Meanwhile, the BSE Sensex was down 40.24 points, or 0.18%, to 21,792.62
On BSE, so far 8,789 shares were traded in the counter, compared with an average volume of 36,481 shares in the past one quarter.
The stock hit a high of Rs 583 and a low of Rs 564.50 so far during the day. The stock hit a record high of Rs 592 on Tuesday, 18 March 2014. The stock hit a 52-week low of Rs 365.05 on 28 August 2013.
The stock had outperformed the market over the past one month till 19 March 2014, rising 22.87% compared with the Sensex's 5.36% rise. The scrip had also outperformed the market in past one quarter, gaining 25.35% as against Sensex's 5.43% rise.
The large-cap company has an equity capital of Rs 55.44 crore. Face value per share is Rs 2.
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Shares of Cummins India had gained 13.03% in four trading days to Rs 582.45 on 19 March 2014 from a recent low of Rs 515.30 on 12 March 2014.
Cummins India's net profit fell 37.1% to Rs 147.23 crore on 6.6% fall in total income to Rs 1046.64 crore in Q3 December 2013 over Q3 December 2012.
Cummins India, headquartered in Pune since 1962, is the country's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets.
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