Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Suzlon Energy Ltd

Currently trading at Rs 69.39, Suzlon Energy Ltd experienced a 1.72% rise from its previous close of Rs 68.22. The stock hit a new 52-week high at Rs 70.89, indicating a strong upward momentum. With a significant traded volume of 13.15 crore shares, the stock showed a price volume breakout and a volume spike. Suzlon’s market cap stands at Rs 94,530.08 crore, and it has achieved multibagger returns of 292.03% from its 52-week low. The stock’s RSI at 86.86 suggests it might be overbought, but the current trend points towards sustained bullishness. The high trading volume coupled with a new high reinforces investor confidence in Suzlon’s future performance.

DCW Ltd

DCW Ltd is currently trading at Rs 70.6, reflecting a 4.01% increase from the previous close of Rs 67.88. The stock reached a high of Rs 72.48, with a traded volume of 1.73 crore shares, signaling a price volume breakout and a volume spike. The company has a market cap of Rs 2,077.33 crore and returns of 61.00% from its 52-week low, showcasing a strong recovery. Despite signs of a pullback, the stock’s current momentum suggests continued positive performance. The RSI at 79.82 indicates potential overbought conditions, but the overall sentiment remains optimistic, driven by robust trading activity and recent price movements.

Network18 Media & Investments Ltd

Network18 Media & Investments Ltd is trading at Rs 97.98, up 7.71% from the previous close of Rs 90.97. The stock touched a high of Rs 98.75, with a significant traded volume of 1.10 crore shares, indicating a price volume breakout and a resistance breakout. With a market cap of Rs 10,283.28 crore, the company has seen returns of 71.14% from its 52-week low. The RSI at 68.79 suggests the stock is nearing overbought territory, but the recent volume spike and resistance breakout point to strong bullish sentiment. Network18’s current trading performance reflects positive investor outlook and potential for further gains.

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.