Top 3 breakout stocks trading below Rs 100

These 3 stocks have shown substantial gains in Tuesday’s trading sessions, indicating strong bullish activity.

Here’s an in-depth look.

BGR Energy Systems Ltd

BGR Energy Systems has given a volume price breakout on a daily timeframe. The stock is currently trading at Rs 94.05 and has seen a spurt in volume of 17.65 times. The stock price has witnessed a 52-week breakout, a multi-year breakout and also given a rounding bottom breakout which formed over the year. This stock has generated 74.91% of maximum returns for its investors over the 6 months of period.

BGR Energy Systems Ltd is a manufacturer of capital equipment for Power Plants, Petrochemical Industries, Refineries and Process Industries. The Co also undertakes turnkey Balance of Plant (‘BOP’) and Engineering Procurement and Construction (‘EPC’) contracts for Power plants.

Rico Auto Industries Ltd

Rico Auto Industries’ stock price has given a descending triangle breakout with a positive sign of bullish activity. This breakout is further confirmed by a volume spike that was 3.68 times greater than the daily average volume. This is a promising sign that the stock is in high momentum and traders are showing interest in this particular stock. The stock price has bounced from its long-term trendline, suggesting the sustenance of the uptrend. Rico Auto Industries has generated more than 2,630% returns over the life period, and the stock has been closing in green for the last four consecutive trading sessions.

Rico Auto Industries Limited is an integrated Auto Component Manufacturer present in the value chain from ‘Design to Delivery’. It manufactures and supplies Aluminium and Ferrous Machined Components and Assemblies to Original Equipment Manufacturers and Tier-1 customers across the globe.

RattanIndia Enterprises Ltd

RattanIndia Enterprises’ stock broke a 52-week high on Tuesday. The surge of 17% in stock price, resulted in a multi-year range breakout. On the weekly chart of RattanIndia Enterprises, the price witnessed a long-term range breakout. The stock has witnessed a huge volume spike today more than 77 times than daily average. The stock price is showing a strong upmove with heavy buying. On Tuesday, the price touched its 52-week high by surging more than 15%. The stock has given 1,246.02% returns over the 5-year timeframe.

Rattan India Enterprises Limited is active in a wide range of business activities inter alia from software, legal, financial, human resources, and consultancy, to supply of manpower, software designing and development, design development, and implementation of payment systems and gateways, etc.

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.