Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

IFCI Ltd

IFCI Ltd hit a 52-week high of Rs 72 with a significant traded volume of 20.06 crore shares. Currently trading at Rs 69.74, up from the previous close of Rs 62.09, the stock has experienced a remarkable 12.32% increase. The market cap stands at Rs 18,201.73 crore. With returns from the 52-week low reaching a multibagger 469.31%, the stock shows strong momentum. The RSI is at 67.18, indicating a price-volume breakout and volume spike. Given its performance, IFCI Ltd displays a bullish trend with strong investor interest.

Mahanagar Telephone Nigam Ltd

Mahanagar Telephone Nigam Ltd is currently trading at Rs 46.3, up from the previous close of Rs 42.31, marking a 9.43% increase. The stock reached a high of Rs 47.9 with a traded volume of 4.31 crore shares. With a market cap of Rs 2,911.39 crore and returns from the 52-week low at a multibagger 144.33%, the stock exhibits significant upward potential. The RSI of 67.89 suggests a price-volume breakout and volume spike. Trading near resistance, MTNL is likely to break out soon, indicating strong market interest and potential gains.

PTC India Financial Services Ltd

PTC India Financial Services Ltd has seen a price increase to Rs 55 from the previous close of Rs 51.94, reflecting a 5.89% rise. The stock traded 1.58 crore shares, reaching a high of Rs 56. The market cap is Rs 3,554.40 crore. With returns from the 52-week low at a multibagger 195.70%, the stock is showing robust performance. The RSI of 71.01 indicates a price-volume breakout and volume spike, with a resistance breakout likely. PTC India Financial Services Ltd is poised to reach its 52-week high soon, signaling strong investor confidence.

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.