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.

Easy Trip Planners Ltd

Today, Easy Trip Planners Ltd witnessed a price volume breakout with its stock price reaching a high of Rs 47.15 before settling at Rs 46.45, slightly above the previous close of Rs 46. This represents a modest increase of 0.98%. The stock is drawing attention due to a volume spike, trading 33,313,057 shares today, suggesting heightened investor interest. Currently trading at Rs 46.45, the stock has shown potential signs of moving towards a long-term bullish trend, supported by an RSI of 67.51 indicating it might soon be overbought. Investors should watch for a sustained breakout that could challenge its 52-week high of Rs 54. The market cap stands at Rs 8245.30 crore.

Patel Engineering Ltd

Patel Engineering Ltd today traded vigorously, reaching a high of Rs 59.75 and closing at Rs 59.2, up by 2.51% from its previous close of Rs 57.75. The company traded a total volume of 16,952,547 shares, indicating strong investor participation. Currently trading at Rs 59.2, the stock is positioned below its 50-day EMA but finds support at lower levels, suggesting a potential bounce back. The RSI stands at 45.45, pointing towards a neutral market sentiment but leaning towards undervaluation. Given its one-year returns of 176.87%, the stock remains an attractive prospect. With a market cap of Rs 4778.17 crore, Patel Engineering seems poised for recovery.

Jyoti Structures Ltd

Jyoti Structures Limited experienced a trading day marked by a price volume breakout, hitting a high of Rs 29.25 and finishing at Rs 28.3, which is a rise of 1.43% from the previous close of Rs 27.9. The trading volume was notable at 11,219,332 shares, pointing to significant investor interest. Currently trading at Rs 28.3, the stock’s performance today could be a precursor to more robust movements, noted by its RSI at 67.51 which is nearing overbought territory. This could signal caution as the stock, having been locked in upper circuits frequently, might also face downward pressure. With multibagger returns of 317.75% and a market cap of Rs 2334.94 crore.

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.