Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Suzlon Energy Ltd

Today, Suzlon Energy’s stock hit a high of Rs 42.2 with a traded volume of 42,743,772 shares. Currently trading at Rs 42.2, it marks a 4.98% increase from the previous close of Rs 40.2. This surge is indicative of a potential price volume breakout, accompanied by a volume spike and an RSI of 56.97, which crossed the 50-day EMA and broke the upper trendline. With a 52-week high of Rs 50.6 and a remarkable 1-year return of 411.52%, the stock reflects substantial market interest with a market cap of Rs 57,436.79 crore.

Edelweiss Financial Services Ltd

Edelweiss Financial Services witnessed a high of Rs 81.3 today, with a traded volume of 20,779,764 shares. Currently trading at Rs 78.5, it shows a 5.23% increase from the previous close of Rs 74.6. The stock exhibits signs of a potential price volume breakout, supported by a volume spike and an RSI of 57.81. It’s rebounding from the 50-day EMA and nearing resistance levels. With a 52-week high of Rs 87.8 and a commendable 1-year return of 115.30%, Edelweiss has a market cap of Rs 7,056.94 crore. This upward momentum appears to be driven by the company’s quarterly results.

Orient Paper and Industries Ltd

Orient Paper and Industries Ltd saw its stock reach a high of Rs 56.3 today, with a traded volume of 6,983,860 shares. Currently trading at Rs 55.95, it reflects a 2.47% increase from the previous close of Rs 54.6. The stock demonstrates signs of a potential price volume breakout, accompanied by a volume spike and an RSI of 65.01, while trading near its 52-week high of Rs 59.8. With a 1-year return of 20.30% and a market cap of Rs 1,187.18 crore, this upward movement seems influenced by the company’s quarterly results.

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.