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.

IDFC First Bank Ltd

IDFC First Bank is currently trading at Rs 77.7 with a traded volume of 66,890,951 shares. The stock saw a 1.50% increase from the previous close, indicating a potential bounce back. Its 52-week high is Rs 100.7 with a 1-year return of 19.06%. Technical indicators show a price volume breakout, accompanied by a volume spike. The Relative Strength Index (RSI) stands at 38.18, suggesting a possible reversal as it’s near the support level. Investors might anticipate a rebound in the stock’s price.

Jyoti Structures Limited

Jyoti Structures Limited is currently priced at Rs 25.5, with a traded volume of 4,437,236 shares. The stock surged by 4.94% from the previous close. Notably, it has multibagger returns of 309.49% over the past year. Technical analysis reveals a price volume breakout and a volume spike, supported by an RSI of 55.05. Additionally, it’s bouncing from both the trendline and the 50-day Exponential Moving Average (EMA), suggesting a bullish trend continuation.

Spencer’s Retail Ltd

Spencer’s Retail Ltd is trading at Rs 99.5, with a traded volume of 1,333,697 shares. The stock experienced a significant 8.68% increase from the previous close, showing signs of strength. It boasts a 1-year return of 58.39%. Technical analysis indicates a price volume breakout accompanied by a volume spike, supported by an RSI of 49.98. The stock is currently trading within a range and bouncing from a support level, indicating potential upward momentum. Investors might consider this stock for its positive price action and potential for further gains.

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.