Top 3 stocks trading below Rs 100

These three equities gained significantly with price and volume activity during Friday’s trading sessions, indicating potential bullish action.

Here’s an in-depth look.

HFCL Ltd

HFCL Ltd’s stock closed today at Rs 98.4, showing a slight increase from the previous close of Rs 96.5, marking a 1.97% rise. With a traded volume of 33,814,215 shares, indicating a volume spike, the stock is currently priced at Rs 101.3. The Relative Strength Index (RSI) stands at 53.78, suggesting a neutral position. Recent trading sessions have shown consolidation, indicating a potential breakout. The stock’s 52-week high and low are at Rs 117.8 and Rs 60.35, respectively. With a market cap of Rs 14,259.30 crore, the stock seems to be poised for a breakout, supported by the price volume breakout and volume spike.

Lloyds Metals and Energy Ltd

Lloyds Metals and Energy Ltd witnessed a price volume breakout, closing at Rs 701, up from the previous close of Rs 694.55, with a modest rise of 0.93%. The stock’s traded volume stood at 932,221 shares, indicating significant activity. Currently trading at Rs 710, the stock is at its 52-week high, suggesting bullish momentum. The RSI at 74.70 indicates overbought conditions, likely to continue the uptrend. The company’s market cap is Rs 35,258.73 crore, indicating investor confidence in the stock’s performance.

Edelweiss Financial Services Ltd 

Edelweiss Financial Services Ltd closed at Rs 75.35, showing a gain of 2.17% from the previous close of Rs 73.75. With a traded volume of 8,916,538 shares, the stock witnessed a volume spike. Currently trading at Rs 77.45, the stock awaits channel and trendline breakout. The RSI is at 60.76, suggesting a bullish sentiment. The stock’s 52-week high and low are at Rs 87.8 and Rs 32.54, respectively. With a market cap of Rs 6,790.97 crore, Edelweiss Financial Services Ltd seems poised for a potential breakout, supported by the price volume breakout and volume spike.

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.