Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Bank of Maharashtra Ltd

Bank of Maharashtra’s stock is currently trading at Rs 68.95, up 2.07% from the previous close of Rs 67.55. Today’s trading session saw a significant volume spike with 32,716,023 shares changing hands. The stock hit a 52-week high of Rs 72.55, reflecting strong investor interest. The market cap stands at Rs 48,669.74 crore, with a notable 1-year return of 128.57%, making it a multibagger. The RSI at 62.15 suggests the stock is neither overbought nor oversold, indicating potential stability.

Indian Overseas Bank

Indian Overseas Bank’s current price is Rs 68.15, up 1.94% from the previous close of Rs 66.85, with a traded volume of 27,342,758 shares. The stock has been showing a potential base breakout with an RSI at 62.53, indicating bullish sentiment. The market cap is Rs 1,28,951.91 crore, and the stock has delivered a stellar 1-year return of 186.16%, reflecting its multibagger status. The stock reached a 52-week high of Rs 83.75, suggesting strong upward momentum.

Signet Industries Ltd

Signet Industries’ stock is currently trading at Rs 92.5, up 11.45% from the previous close of Rs 83, with a traded volume of 1,222,428 shares. The stock broke out to a 52-week high of Rs 92.85, driven by a significant volume spike and an RSI at 75.84, indicating strong bullish sentiment. The market cap is Rs 269.34 crore, and the stock has delivered a 1-year return of 146.25%, marking it as a multibagger.

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.