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.

Bank of Maharashtra Ltd

Bank of Maharashtra Ltd is currently trading at Rs 68.8, up 2.30% from the previous close of Rs 67.25. With a high of Rs 69.75 today, the stock saw significant trading volume at 22,041,845 shares. It is nearing its 52-week high of Rs 72.55 and has a market cap of Rs 48,903.98 crore. The Relative Strength Index (RSI) stands at 57.87, indicating a potential breakout as the stock shows a price-volume breakout and a volume spike. This momentum suggests it could soon break past its 52-week high. Investors have enjoyed multibagger returns of 126.77% over the past year, making it an attractive candidate for further gains.

UCO Bank

UCO Bank is trading at Rs 56.8, reflecting a 1.52% increase from the previous close of Rs 55.95. Today’s high was Rs 57.45 with a trading volume of 20,207,629 shares. The stock is rebounding from its 50-day Exponential Moving Average (EMA) and formed a Hammer candle today, a bullish sign. The RSI is at 54.11, indicating upward momentum. With a 52-week high of Rs 70.65 and a market cap of Rs 67,909.80 crore, UCO Bank is showing a price-volume breakout and volume spike. Over the past year, it has provided multibagger returns of 116.54%, suggesting continued positive performance.

Lloyds Engineering Works Ltd

Lloyds Engineering Works Ltd is currently trading at Rs 65.15, up a substantial 8.31% from the previous close of Rs 60.15. The stock hit a high of Rs 65.85 today with a trading volume of 10,933,910 shares. Bouncing from its 50-day EMA, the RSI is at 56.38, indicating strong buying interest. The stock is exhibiting a price-volume breakout with a notable volume spike. It has a 52-week high of Rs 73.2 and a market cap of Rs 7,412.62 crore. Investors have seen impressive multibagger returns of 195.51% over the last year, reinforcing its 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.