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.

Fiberweb (India) Ltd

Fiberweb (India) Ltd is currently trading at Rs 53.55, which is also its 52-week high, showing a significant increase from its previous close of Rs 44.63. The stock has witnessed a remarkable percent change of 19.99%, with a notable trading volume of 44.61 lakh shares. This volume spike indicates strong buying interest. With a market cap of Rs 154.18 crore, the stock has achieved an 84.66% return from its 52-week low, suggesting robust performance. The RSI at 76.86 signals that the stock might be overbought. Overall, Fiberweb is showing a price volume breakout and has broken its 52-week high.

Axita Cotton Ltd

Axita Cotton Ltd is currently trading at Rs 26.69, up from the previous close of Rs 22.84, marking a 16.86% increase. The stock has experienced a significant price volume breakout with a massive trading volume of 3.55 crore shares. It has a market cap of Rs 692.09 crore and has seen a 37.93% return from its 52-week low. The RSI at 79.87 indicates overbought conditions, suggesting caution. The stock has broken resistance levels, showing strong bullish sentiment.

Rajshree Sugars & Chemicals Ltd

Rajshree Sugars & Chemicals Ltd is trading at Rs 81.66, up 6.25% from its previous close of Rs 76.86. The stock’s trading volume has surged to 8.62 lakh shares, indicating a price volume breakout. With a market cap of Rs 270.59 crore, the stock has achieved an impressive 87.51% return from its 52-week low. The RSI at 61.55 suggests that the stock is neither overbought nor oversold, maintaining a neutral stance. The stock is approaching a flag breakout, indicating potential for further upside.

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.