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.

North Eastern Carrying Corporation Ltd 

North Eastern Carrying Corporation Ltd is experiencing a significant price surge today. Currently trading at Rs 35.95, the stock has seen a remarkable 14.38% increase from its previous close of Rs 31.43. The traded volume is impressive at 1.75 crore shares, indicating strong investor interest. The stock touched a 52-week high of Rs 37.3 today and is showing a 99.17% return from its 52-week low, marking it as a multibagger. This surge is accompanied by a notable price-volume breakout and volume spike. With a market cap of Rs 343.05 crore and an RSI at 78.25, the stock is showing overbought conditions.

Mahanagar Telephone Nigam Ltd

Mahanagar Telephone Nigam Ltd (MTNL) is experiencing a significant uptrend today, trading at Rs 70.48, which is also its 52-week high. This marks a 9.99% increase from the previous close of Rs 64.08. The stock has traded a massive volume of 13.64 crore shares, showing robust investor activity. MTNL has delivered multibagger returns of 265.18% from its 52-week low. The price-volume breakout and volume spike further highlight the bullish momentum in the stock. With a market cap of Rs 4,371.25 crore and an RSI at 89.05, the stock is in overbought territory.

VL E-Governance & IT Solutions Ltd

VL E-Governance & IT Solutions Ltd has seen a strong performance today, currently trading at Rs 90.6, up by 4.68% from its previous close of Rs 86.55. The stock reached a new 52-week high of Rs 90.87 during the day, driven by a trading volume of 26.84 lakh shares. With a market cap of Rs 959.91 crore, the stock has provided multibagger returns of 215.13% from its 52-week low. This price-volume breakout and volume spike indicate strong bullish sentiment. The RSI stands at 78.25, suggesting that the stock is overbought.

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.