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.

Suzlon Energy Ltd

Suzlon Energy Ltd is currently trading at Rs 57.83, marking a 4.99% increase from the previous close of Rs 55.08. With a high traded volume of 27.03 crore shares, the stock has reached a new 52-week high of Rs 57.83. The market cap stands at Rs 80,057.83 crore. Suzlon Energy Ltd has shown multibagger returns of 231.40% from its 52-week low, indicating significant investor interest and strong price momentum. The RSI at 70.21 suggests the stock is approaching overbought territory. The price volume breakout, volume spike, and locked in the upper circuit.

Axita Cotton Ltd

Axita Cotton Ltd is currently trading at Rs 23.56, a 12.19% increase from the previous close of Rs 21. The stock’s high traded volume of 2.60 crore shares reflects strong investor interest. Despite a 52-week high of Rs 35.4, the stock has delivered returns of 23.67% from its 52-week low. The market cap stands at Rs 618.75 crore. The RSI at 74.72 indicates an overbought condition. The price volume breakout and volume spike highlight strong upward momentum.

Mahanagar Telephone Nigam Ltd

Mahanagar Telephone Nigam Ltd (MTNL) is trading at Rs 83.87, a 9.99% increase from its previous close of Rs 76.25. With a significant traded volume of 11.93 crore shares, the stock has hit a new 52-week high of Rs 83.87. The market cap is Rs 4,884.40 crore. MTNL has shown exceptional performance with multibagger returns of 333.44% from its 52-week low. The RSI at 92.74 indicates the stock is highly overbought. The price volume breakout, volume spike, and upper circuit lock, along with a strong rally.

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.