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.

Ashima Ltd

Ashima Ltd surged to a high of Rs 33.95 with a significant traded volume of 21,343,411 shares. It is currently trading at Rs 33.5, up from the previous close of Rs 28.55, marking a robust percent change of 17.34%. The stock has reached its 52-week high of Rs 33.95 and boasts a market cap of Rs 642.06 crore. The remarkable 1-year returns of 138.85% make it a notable multibagger. Key indicators include a price volume breakout and a volume spike, with the RSI at 78.41, signaling overbought conditions. The stock’s momentum is underlined by the 52-week high breakout. This surge is attributed to the company’s strong quarterly results.

SBC Exports Ltd

SBC Exports Ltd climbed to a high of Rs 31.45 with a traded volume of 3,601,458 shares and is currently trading at Rs 30.6. The previous close was Rs 29.8, reflecting a modest increase of 2.68%. It is approaching its 52-week high of Rs 33.85 with a market cap of Rs 971.43 crore. The company has delivered impressive 1-year returns of 99.51%. The stock shows a price volume breakout and a volume spike, with an RSI of 76.50, indicating overbought conditions. It is also experiencing a base breakout. The positive movement is largely due to the release of favorable quarterly results.

Sindhu Trade Links Ltd

Sindhu Trade Links Ltd peaked at Rs 24.85 with a traded volume of 1,542,288 shares and is currently trading at Rs 24.5. The stock’s previous close was Rs 23.7, showing a percent change of 3.38%. Despite its 52-week high of Rs 45.15, the current market cap stands at Rs 3,823.53 crore. The stock has achieved modest 1-year returns of 2.27%. It is experiencing a price volume breakout and a volume spike, with an RSI of 56.18, suggesting it is in a balanced state. Identified as a base breakout candidate, the upward move in the stock is driven by the positive quarterly results.

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.