Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Jaiprakash Power Ventures Ltd

Today, Jaiprakash Power Ventures Limited showcased promising movement, with the stock currently trading at Rs 20.05 after opening at a high of Rs 20.5. The trading volume spiked to 59,616,856, signaling strong investor interest possibly due to technical indicators like a resistance breakout and a notable RSI at 68.90 suggesting upward momentum. With a price increase of 0.50% from its previous close of Rs 19.95, and year-long multibagger returns of 246.55%, the stock demonstrates potential for a long-term bullish trend after this breakout.

IRB Infrastructure Developers Ltd

IRB Infrastructure Developers Ltd observed a robust trading day with the stock currently priced at Rs 69.8 after reaching a high of Rs 70.95. It saw an impressive volume of 38,107,997, indicating heightened trading activity. This activity comes after a breakout above the 52-week high, backed by a rise of 2.65% from yesterday’s close of Rs 68. The stock has achieved multibagger returns of 144.56% over the past year and is now trading above its 50-day EMA with an RSI of 62.53, suggesting it is well-positioned for sustained upward trends.

IFCI Ltd

IFCI Ltd experienced significant investor enthusiasm today, with the stock hitting Rs 50.05, equal to today’s high and sharply up by 10.00% from the previous close of Rs 45.5 and locked in the upper circuit. The volume surged to 36,498,357, reinforcing the bullish momentum highlighted by a resistance breakout and a resilient RSI at 65.02. The stock has rebounded strongly from its support and 50-day EMA. Over the last year, IFCI Ltd has realized multibagger returns of 337.12%, reflecting intense growth potential and investor confidence in its trajectory.

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.