Top 3 stocks trading below Rs 100

These three equities’ volume gained significantly during Thursday’s trading sessions, indicating potential bullish action.

Here’s an in-depth look.

Ujjivan Small Finance Bank Ltd

Today, Ujjivan Small Finance Bank’s stock traded at Rs 54.45, with a significant volume spike of 41040073 shares. The price rose by 6.56% from the previous close of Rs 51.1. This surge was accompanied by a price volume breakout and the price crossing the 50-day Exponential Moving Average (EMA). Additionally, the Relative Strength Index (RSI) stands at 62.17, indicating bullish momentum. The stock bounced from a support level earlier, suggesting potential strength in its current uptrend.

Hindustan Construction Company Ltd

Hindustan Construction Company saw its stock trading at Rs 38.35 today, with a traded volume of 31753981 shares. The price showed a notable increase of 6.38% from its previous close at Rs 36.05. This surge was supported by a volume spike and the price crossing the 50-day EMA, indicating strong bullish momentum. The RSI at 58.30 further confirms the positive sentiment in the stock, showcasing a strong move today.

Jaiprakash Associates Limited

Jaiprakash Associates’ stock traded at Rs 20.8 today, with a traded volume of 31171021 shares. The price remained steady at its current trading level. Notably, the stock witnessed a price volume breakout and crossed its 52-week high, signaling strong bullish momentum. The RSI at 59.42 suggests that the stock is in bullish territory, yet it’s still showing strength by trading above all important moving averages.

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.