Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Orient Paper and Industries Ltd

Orient Paper and Industries Ltd hit a high of Rs 62.2 with a traded volume of 4.86 crore shares, currently trading at Rs 60.39. The previous close was Rs 54.72, indicating a percent change of 10.36%. The stock has reached its 52-week high of Rs 62.2, boasting a market cap of Rs 1305.70 crore. With returns from the 52-week low at 50.98%, the stock shows a price volume breakout, a volume spike, and a 52-week high breakout. The RSI at 71.9 suggests the stock is in the overbought territory. The significant volume spike and the price volume breakout indicate strong bullish momentum.

Hathway Cable and Datacom Limited

Hathway Cable and Datacom Limited reached a high of Rs 24.55 with a traded volume of 3.85 crore shares, currently trading at Rs 23.65. The previous close was Rs 21.99, reflecting a percent change of 7.55%. The stock’s 52-week high is Rs 27.95, and it has a market cap of Rs 4168.65 crore. Returns from the 52-week low stand at 61.99%, showing a price volume breakout, volume spike, and range/consolidation breakout. The RSI at 76.75 indicates the stock is overbought. The price volume breakout and volume spike suggest a strong bullish trend, and the stock breaking out of its consolidation range adds to the positive sentiment.

Dhani Services Ltd

Dhani Services Ltd reached a high of Rs 59.8 with a traded volume of 2.85 crore shares, currently trading at Rs 58. The previous close was Rs 52.52, resulting in a percent change of 10.43%. The stock has achieved its 52-week high of Rs 59.8, with a market cap of Rs 3376.28 crore. Returns from the 52-week low are an impressive 93.98%, indicating multibagger potential. The stock shows a price volume breakout, volume spike, and a 52-week high breakout. The RSI at 71.25 suggests overbought conditions. The significant price volume breakout and the approach to new highs demonstrate strong buying interest and bullish sentiment, indicating the potential for further appreciation.

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.