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Top 3 stocks trading below Rs 100

21 May 20244 mins read by Angel One
Hindustan Construction Company, Suzlon Energy, and Indian Overseas Bank have shown price volume activity to trigger the next move on their respective charts.
Top 3 stocks trading below Rs 100
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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.

Hindustan Construction Company Ltd

Hindustan Construction Company Ltd saw a significant price volume breakout today. The stock hit a high of Rs 41.25 with a traded volume of 56,696,021 shares, closing at Rs 40.75, up from the previous close of Rs 37.9, marking a 7.52% increase. Currently trading at Rs 40.75, the stock is nearing its 52-week high of Rs 45.98, with a market cap of Rs 6,834.68 crore. The RSI is at 67.53, indicating strong buying momentum. The company has shown multibagger returns of 142.67% over the past year.

Suzlon Energy Ltd

Suzlon Energy Ltd experienced a price volume breakout today, reaching a high of Rs 44.2 with a traded volume of 45,553,405 shares. It is currently trading at Rs 44, up from the previous close of Rs 42.5, reflecting a 3.53% gain. The stock is close to its 52-week high of Rs 50.6, and the market cap stands at Rs 60,025.83 crore. With an RSI of 73.03, the stock is experiencing strong upward momentum. Over the past year, it has delivered exceptional multibagger returns of 412.21%.

Indian Overseas Bank

Indian Overseas Bank saw a price volume breakout today, peaking at Rs 68.25 with a traded volume of 27,740,647 shares. The stock is currently trading at Rs 66.8, up from the previous close of Rs 64.7, indicating a 3.25% increase. It is moving towards its 52-week high of Rs 83.75, with a market cap of Rs 126,833.67 crore. The RSI is at 60.19, showing the stock is poised for a breakout. Over the last year, the bank has achieved impressive multibagger returns of 175%.

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.

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