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.

Hindustan Construction Company Ltd

Hindustan Construction Company Ltd has seen a remarkable trading day with its share price hitting a new 52-week high at Rs 55.4 and closing at Rs 54.52. The stock experienced a substantial volume spike, trading 1987.67 lakh shares, indicative of strong investor interest. Currently trading at Rs 54.52, up 14.66% from the previous close of Rs 47.55, the stock has delivered multibagger returns of 206.12% from its 52-week low. The Relative Strength Index (RSI) stands at 67.71, suggesting the stock is approaching overbought territory. This price-volume breakout signals potential continued momentum, making it a noteworthy performer in the market today.

IFCI Ltd

IFCI Ltd has demonstrated an exceptional performance today, reaching its 52-week high of Rs 83.95 and maintaining that level by the end of the trading session. The stock saw a massive trading volume of 1611.35 lakh shares, indicative of a strong price-volume breakout. Currently trading at Rs 83.95, up 20.00% from the previous close of Rs 69.96, the stock has delivered extraordinary multibagger returns of 568.92% from its 52-week low. The RSI is at 71.85, suggesting that the stock is in overbought territory. With this significant price and volume movement, IFCI Ltd remains a stock to watch closely for continued bullish momentum.

IDBI Bank Ltd

IDBI Bank Ltd has experienced a robust trading session, nearing its 52-week high of Rs 98.7 and currently trading at Rs 97.87. The stock traded a significant volume of 1289.83 lakh shares, highlighting a strong price-volume breakout. With a 13.25% increase from the previous close of Rs 86.42, IDBI Bank is showing solid upward momentum. The stock has provided a return of 73.07% from its 52-week low, indicating strong performance. The RSI at 65.98 suggests the stock is approaching overbought levels. This positive price action and volume surge point to potential continued strength in the stock’s performance.

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.