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.

North Eastern Carrying Corporation Ltd

North Eastern Carrying Corporation Ltd has shown a robust performance today, reaching a high of Rs 43.15 with a traded volume of 2.41 crore shares. The stock is currently trading at Rs 42.59, up from the previous close of Rs 35.97, marking an impressive 18.40% increase. This significant price movement has been accompanied by a volume spike and a 52-week high breakout, indicating strong investor interest. The company’s market cap stands at Rs 348.84 crore. With returns from the 52-week low at a remarkable 135.96%, this stock is demonstrating multibagger returns, reflecting substantial investor gains. The RSI is at 72.42, suggesting the stock is in overbought territory.

Sonam Ltd

Sonam Ltd experienced a strong trading day, hitting a high of Rs 53.4 with a traded volume of 13.30 lakh shares. The stock is currently trading at Rs 51.45, up from the previous close of Rs 46.2, representing an 11.36% increase. The price movement, coupled with a volume spike and a 52-week high breakout, indicates significant investor interest. The company’s market cap is Rs 195.40 crore. With returns from the 52-week low at 116.63%, Sonam Ltd is delivering multibagger returns, highlighting the stock’s substantial growth potential. The RSI is at 71.2, indicating the stock is nearing overbought conditions.

Mahanagar Telephone Nigam Ltd

Mahanagar Telephone Nigam Ltd had an outstanding trading day, achieving a high of Rs 76.25 with a traded volume of 6.86 crore shares. The stock is currently trading at Rs 76.25, up from the previous close of Rs 69.32, reflecting a 10.00% increase. This performance includes a volume spike and a 13-year high breakout, showing robust investor interest. The company’s market cap is Rs 4440.63 crore. With returns from the 52-week low at an astounding 294.06%, MTNL is delivering exceptional multibagger returns, demonstrating substantial growth. The RSI is at 82.19, indicating the stock is in overbought territory.

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.