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.

IFCI Ltd

IFCI Ltd is currently trading at Rs 84.59, up from its previous close of Rs 83.95, showing a slight increase of 0.76%. The stock hit a high of Rs 91.4 today, with a trading volume of approximately 20.95 crores, marking a significant spike in volume. With a market cap of Rs 22,119.24 crore and a return of 574.02% from its 52-week low, IFCI Ltd exhibits multibagger returns. The stock has broken its 52-week high and is experiencing a price volume breakout, indicating strong upward momentum. The RSI is at 72.43, suggesting the stock might be overbought.

Subex Ltd

Subex Ltd is currently trading at Rs 33.77, an increase from its previous close of Rs 33.24, resulting in a gain of 1.59%. The stock reached a high of Rs 35.2 today, with a trading volume of approximately 3.68 crores. The market cap stands at Rs 1,871.62 crore. With a return of 50.09% from its 52-week low, Subex Ltd is experiencing significant interest. The stock shows signs of a price volume breakout and volume spike, suggesting a potential upward breakout as it has breached resistance levels. The RSI is at 64.85, indicating positive momentum but not yet overbought.

Nova Agritech Ltd

Nova Agritech Ltd is currently trading at Rs 89.6, up from its previous close of Rs 83.91, reflecting a substantial gain of 6.78%. The stock hit an all-time high of Rs 94 today, with a trading volume of approximately 2.12 crores, showing a significant increase in trading activity. The market cap of Nova Agritech Ltd is Rs 812.43 crore. With a return of 99.11% from its 52-week low, the stock demonstrates strong performance. It has broken out to an all-time high, experiencing a price volume breakout and volume spike. The RSI is at 80.82, indicating that the stock is overbought. The technical indicators suggest that Nova Agritech Ltd has strong upward momentum, but caution is advised due to its overbought status.

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.