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Top 3 stocks trading below Rs 100

02 July 20244 mins read by Angel One
Motherson Sumi Wiring India, GMR Airports Infrastructure, and MMTC have shown price volume activity to trigger the next move on their respective charts.
Top 3 stocks trading below Rs 100
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

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.

Motherson Sumi Wiring India Ltd

Motherson Sumi Wiring India Ltd closed at Rs 78.85, up 6.68% from the previous close of Rs 73.91. The stock is currently trading close to its 52-week high of Rs 79. The traded volume was significant at 46.57 lakh shares, indicating strong investor interest. MSWIL has shown a return of 42.46% from its 52-week low, making it a potential multibagger. The Relative Strength Index (RSI) at 78.87 suggests the stock is in overbought territory. The market cap stands at Rs 34,852 crore.

GMR Airports Infrastructure Ltd

GMR Airports Infrastructure Ltd closed at Rs 97.85, a 4.18% increase from the previous close of Rs 93.92. The stock is trading near its 52-week high of Rs 98. The traded volume of 11.57 crore shares underscores strong market participation. GMR has delivered a remarkable 134.37% return from its 52-week low, indicating multibagger potential. The RSI at 65.99 indicates bullish momentum. The market cap is Rs 59,062 crore.

MMTC Ltd

MMTC Ltd closed at Rs 83.90, up 10.03% from the previous close of Rs 76.25. The stock has resistance at Rs 85.82, its 52-week high. The traded volume was 3.80 crore shares, reflecting substantial trading interest. MMTC has gained 168.05% from its 52-week low, showcasing multibagger returns. The RSI at 69.85 suggests strong bullish sentiment. The market cap is Rs 12,561 crore.

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.

 

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