Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Ujjivan Small Finance Bank Ltd

Ujjivan Small Finance Bank Ltd saw a significant price movement today, with its stock rising by 3.04% to Rs 45.11 from its previous close of Rs 43.78. The stock traded with a massive volume of 3.99 crore shares, indicating strong market interest and a price-volume breakout. Despite trading below its 52-week high of Rs 63, the stock shows a promising 19.34% return from its 52-week low. The market capitalization stands at Rs 8713.90 crore. Currently, the stock is likely to bounce back from its support level, supported by the RSI of 35.18, indicating it is near olver sold territory.

Ashima Ltd

Ashima Ltd experienced a significant surge today, closing at Rs 45, a 4.77% increase from the previous close of Rs 42.95. The stock traded with an impressive volume of 67.58 lakh shares, hitting an all-time high of Rs 45.09. With a market capitalization of Rs 818.94 crore, the stock has delivered multibagger returns, soaring by 260% from its 52-week low. This price-volume breakout and volume spike indicate strong bullish momentum. The RSI is at 76.85, suggesting the stock is in overbought territory, but the strong uptrend continues to attract investors.

JM Financial Ltd

JM Financial Ltd showed a positive movement today, with its stock closing at Rs 87.7, up by 2.57% from the previous close of Rs 85.5. The stock traded with a substantial volume of 72.22 lakh shares, indicating a price-volume breakout and resistance breach. Currently trading at Rs 87.7, the stock is still below its 52-week high of Rs 114.85 but has delivered a solid 27.10% return from its 52-week low. The market capitalization is Rs 8177.70 crore. With an RSI of 61.04, the stock is in the bullish territory, suggesting there could be further room for upward movement.

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.