Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Central Bank of India Ltd

Central Bank of India Ltd saw a significant price volume breakout today, trading with a volume of 95,382,687 shares. The stock is currently trading at Rs 72.3, up from the previous close of Rs 64.65, marking an impressive 11.83% increase. This surge brings it close to its 52-week high of Rs 76.9, indicating strong upward momentum. The market cap stands at Rs 62,656 crore. The stock has demonstrated multibagger returns of 159.14% over the past year. Technical indicators show a resistance breakout and a Relative Strength Index (RSI) of 67.59, suggesting the stock is nearing overbought territory but still has room for potential gains.

B L Kashyap and Sons Ltd

B L Kashyap and Sons Ltd experienced a notable price volume breakout, with a trading volume of 7,037,280 shares. Currently trading at Rs 74.2, the stock has risen from its previous close of Rs 66.6, reflecting an 11.41% increase. The stock is approaching its 52-week high of Rs 88.8, indicating strong bullish trends. The market cap is Rs 1,676.54 crore. Over the past year, the stock has delivered returns of 96.82%. Key technical indicators include a volume spike, RSI at 71.97, and a crossover above the 50-day Exponential Moving Average (EMA). The formation of a double bottom pattern suggests a strong reversal signal, potentially indicating further upside.

Nupur Recyclers Ltd

Nupur Recyclers Ltd saw a price volume breakout today, trading with a volume of 740,917 shares. The stock is currently trading at Rs 84.25, up from the previous close of Rs 76.6, showing a 9.99% increase. The stock’s market cap is Rs 578.28 crore. Over the past year, it has achieved returns of 5.92%. The stock is bouncing from the 50-day EMA and support, with a Relative Strength Index (RSI) of 61.95. Despite being below its 52-week high of Rs 106.5, the current technical indicators suggest a positive trend and potential for further growth.

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.