Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Dhani Service Ltd 

Dhani Services Ltd’s share price jumped sharply today, closing at Rs 48.6, up 16.83% from the previous close of Rs 41. The trading volume was high, reaching 41,676,754 shares. Currently trading at Rs 48.6, the stock had a price volume breakout, with a big volume rise indicating strong investor interest. Furthermore, the stock has recovered from its 50-day Exponential Moving Average (EMA), boosting confidence. The relative strength indicator (RSI) was at 66.69, indicating bullish momentum. Dhani Services Ltd hit a 52-week high, suggesting that the upward trend might continue.

Motherson Sumi Wiring India Ltd

Motherson Sumi Wiring India finished at Rs 70.3, up 2.11% from the previous closing of Rs 68.85, Motherson Sumi Wiring India Ltd saw a little price increase. 22,830,741 shares were traded during the session. At present, the stock is trading at Rs 70.3. It has seen a price volume breakout and a volume rise, signifying robust purchasing activity. Additionally, it displayed a strong indicator in the form of a flag breakout and a rebound from its 50-day EMA. The bullish momentum was indicated by the RSI, which was at 60.71.

SBC Exports Ltd 

SBC Exports Ltd’s stock price rose 4.03% to Rs 25.8, up from the previous close of Rs 24.8. The transaction volume was 4,500,904 shares. Currently trading at Rs 25.8, the stock has had a price volume breakout as well as a volume spike, indicating increasing investor interest. It also broke past a resistance level, which bolsters the optimistic picture. The RSI was at 67, indicating a favorable trend.

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.