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.

Tera Software Ltd

Tera Software Ltd hit a high of Rs 96.64 today with a traded volume of 32.03 lakhs, currently trading at Rs 93.2. The previous close was Rs 81.52, marking a significant percent change of 14.33%. The stock reached its 52-week high of Rs 96.64 and has a market cap of Rs 116.86 crore. The returns from the 52-week low are an impressive 135.06%, classifying it as a multibagger. Key technical indicators include a price volume breakout, volume spike, and a 52-week high breakout. The Relative Strength Index (RSI) stands strong at 77.23, suggesting overbought conditions.

Essar Shipping Ltd

Essar Shipping Ltd reached a high of Rs 54.05 with a traded volume of 74.24 lakhs, and it is currently trading at Rs 54.05. The stock’s previous close was Rs 49.14, showing a percent change of 9.99%. It has hit its 52-week high of Rs 54.05 and boasts a market cap of Rs 1118.79 crore. The returns from the 52-week low are a staggering 427.32%, making it a multibagger. Significant technical indicators include a price volume breakout, volume spike, and a 52-week high breakout. The RSI is quite high at 82.26, indicating overbought conditions.

Shree Renuka Sugars Ltd

Shree Renuka Sugars Ltd reached a high of Rs 52.27 with a substantial traded volume of 13.81 crores, and it is currently trading at Rs 51.36. The stock closed previously at Rs 47.81, resulting in a percent change of 7.43%. The 52-week high is Rs 57.25, and the market cap stands at Rs 10906.56 crore. The returns from the 52-week low are 40.52%. Important technical signals include a price volume breakout, volume spike, and trendline breakout. The RSI is at 72.06, indicating bullish momentum.

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.