Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

NHPC Ltd

NHPC Ltd stock price rose to Rs 98.8, marking a 5.39% increase from the previous close of Rs 93.75. Traded volume stood at 105,222,356 shares. The company’s 1-year returns indicate a multibagger performance of 121.86%, with a market cap of Rs 99,364.00 crores. Noteworthy technical indicators include a price volume breakout, volume spike, RSI at 59.30, and bouncing from the 50-day EMA. This bullish movement can be attributed to the effect of quarterly results.

IFCI Ltd

IFCI Ltd saw its stock price climb to Rs 53.4, a 5.12% increase from the previous close of Rs 50.8, with a traded volume of 28,877,357 shares. The company boasts multibagger returns of 357.94% and a market cap of Rs 13,938.17 crores. The technical analysis highlights a price volume breakout, volume spike, RSI at 62.17, and potential breakout soon. This upward momentum likely stems from the quarterly results.

Peninsula Land Ltd

Peninsula Land Ltd stock surged to Rs 69.05, up by 15.28% from the previous close of Rs 59.9, with a traded volume of 23,947,746 shares. The company has delivered multibagger returns of 266.67% and has a market cap of Rs 2,167.30 crores. Technical indicators such as a price volume breakout, volume spike, RSI at 71.59, and trading near the 52-week high signify bullish sentiment. This positive movement is likely influenced by the quarterly results.

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.