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.

GMR Airports Infrastructure Ltd

GMR Airports Infrastructure Ltd reached a high of Rs 94.55, with an impressive traded volume of 92,302,505 shares. The stock is currently trading at Rs 93.95, up from its previous close of Rs 91.73, marking a 2.42% increase. This is a significant move as it has hit its 52-week high of Rs 94.55, demonstrating strong momentum with a market cap of Rs 56,666.45 crore. With returns from the 52-week low at an outstanding 125.03%, this stock has delivered multibagger returns. The RSI of 61.82 suggests it is not yet overbought, and the price volume breakout, coupled with the volume spike and the 52-week high breakout.

Morepen Laboratories Ltd

Morepen Laboratories Ltd saw a high of Rs 56.38 with a traded volume of 35,335,240 shares. It is currently trading at Rs 55.98, rising from the previous close of Rs 52.05, representing a substantial 7.55% increase. Nearing its 52-week high of Rs 56.40, this stock is showing strong performance, supported by a market cap of Rs 2,861.52 crore. It has generated multibagger returns with a 104.31% increase from its 52-week low. The RSI stands at 71.34, suggesting the stock is approaching overbought conditions. The price volume breakout and the volume spike, along with nearing the 52-week high breakout zone.

Motherson Sumi Wiring India Ltd

Motherson Sumi Wiring India Ltd achieved a high of Rs 76.64 with a traded volume of 33,893,408 shares. Currently trading at Rs 73.98, up from its previous close of Rs 72.62, the stock has increased by 1.87%. Hitting its 52-week high of Rs 76.64, it has shown a notable upward trend, backed by a market cap of Rs 32,707.36 crore. The stock has returned 33.66% from its 52-week low. With an RSI of 70.85, it is nearing overbought territory. The price volume breakout and volume spike, combined with the 52-week high breakout.

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.