Top 3 stocks trading below Rs 100

During Monday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action.

Here’s an in-depth look.

SEPC Ltd 

SEPC Ltd saw a high of Rs 23.24 today with a traded volume of 51,329,871 shares, significantly higher than usual, indicating strong investor interest. The stock is currently trading at Rs 22.6, up from the previous close of Rs 20.2, marking an impressive 11.88% increase. This rise is supported by a price volume breakout, a volume spike, and a base breakout, all of which suggest bullish sentiment. The stock has also bounced from a support level, further solidifying its upward momentum. SEPC Ltd has a 52-week high of Rs 27.7 and a market cap of Rs 3,215.60 crore. With a return of 200.53% from its 52-week low, it can be considered a multibagger. The RSI at 68.44 indicates that the stock is nearing overbought territory, signaling strong but cautious optimism among investors.

IFCI Ltd 

IFCI Ltd reached a high of Rs 62.3 with a substantial traded volume of 50,644,744 shares, highlighting strong trading activity. The stock is currently trading at Rs 60.48, up from the previous close of Rs 57.6, reflecting a 5.00% gain. Today’s movement is characterized by a price volume breakout and a volume spike, showing robust investor confidence. Additionally, the stock has bounced from a support level, adding to its positive outlook. With a 52-week high of Rs 71.8 and a market cap of Rs 15,901.52 crore, IFCI Ltd shows resilience. The return from its 52-week low is a remarkable 428.21%, making it a multibagger. The RSI at 59.09 indicates that the stock is in a healthy trading zone, with room for further growth without immediate risk of being overbought.

Jain Irrigation Systems Ltd 

Jain Irrigation Systems Ltd reached a high of Rs 76.35 today, matching its 52-week high, with a notable traded volume of 44,736,103 shares. The stock is currently trading at Rs 74.34, up from the previous close of Rs 67.25, achieving a 10.54% rise. This increase is driven by a price volume breakout, a volume spike, and breaking its 52-week high, which are strong bullish indicators. The market cap stands at Rs 4,978.33 crore. The company has delivered a return of 94.35% from its 52-week low, showing significant growth potential. The RSI is at 64.92, suggesting that the stock is still in a favorable position, with some room to grow before reaching overbought conditions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.