Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Lloyds Engineering Works Ltd

Lloyds Engineering Works Ltd is currently trading at Rs 73.65, slightly below its 52-week high of Rs 76.25. The stock saw a significant trading volume of 1.26 crores, indicating strong market interest. The previous close was Rs 70.51, and today it witnessed a 4.45% increase. The company’s market cap stands at Rs 8321.96 crores. With a remarkable return of 199.63% from its 52-week low, Lloyds Engineering has delivered multibagger returns. This performance, coupled with a price volume breakout, volume spike, and trading near its 52-week high, signals strong bullish momentum. The RSI at 62.77 suggests that the stock is approaching overbought territory but still has room to grow.

Asian Granito India Ltd

Asian Granito India Ltd is currently trading at Rs 82.5, close to its 52-week high of Rs 86.1. The stock experienced a notable trading volume of 57.22 lakhs, showing considerable investor interest. The previous close was Rs 77.25, and it saw a 6.80% increase today. The market cap of the company is Rs 1036.92 crores. With an impressive return of 86.65% from its 52-week low, Asian Granito is demonstrating strong performance. The price volume breakout, volume spike, and proximity to its 52-week high indicate a potential for continued bullish movement. The RSI at 72.3 suggests that the stock is in overbought territory and may see some profit-taking soon.

MBL Infrastructure Ltd

MBL Infrastructure Ltd is trading at Rs 79.4, touching its 52-week high of Rs 80.31. The stock’s trading volume was 30.99 lakhs, reflecting high trading activity. The previous close was Rs 66.93, and it saw an impressive 18.63% increase today. The market cap stands at Rs 842.69 crores. With a phenomenal return of 307.18% from its 52-week low, MBL Infrastructure has delivered multibagger returns. The stock exhibits a price volume breakout, volume spike, and has broken its 52-week high, indicating strong bullish momentum. The RSI at 78.09 suggests that the stock is in overbought territory, which may lead to some profit-taking but the overall trend remains positive.

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.