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Top 3 stocks trading below Rs 100

20 June 20244 mins read by Angel One
Hindustan Construction Company, Jain Irrigation Systems, and Shipping Corporation of India have shown price volume activity to trigger the next move on their respective charts.
Top 3 stocks trading below Rs 100
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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.

Hindustan Construction Company Ltd 

Hindustan Construction Company Ltd closed the day at Rs 50.08, up 5.41% from the previous close of Rs 47.51. The stock is currently trading at Rs 51.87, with a traded volume of 85.55 lakh shares, indicating significant investor interest. The company’s market capitalization stands at Rs 8390.03 crore. The stock has shown a remarkable 193.90% return from its 52-week low, suggesting strong bullish momentum. The RSI (Relative Strength Index) is at 71.56, indicating overbought conditions. Technical indicators such as Price volume breakout, Volume spike, and 52-week High Breakout are signaling bullish sentiment.

Jain Irrigation Systems Ltd

Jain Irrigation Systems Ltd ended the day at Rs 81.64, up 6.65% from the previous close of Rs 76.55. The stock is currently trading at Rs 84.19, with a traded volume of 25.97 lakh shares. Its market cap is Rs 5530.60 crore. The stock has delivered a robust 113.44% return from its 52-week low. The RSI stands at 70.11, suggesting the stock is in overbought territory. Technical indicators such as Price volume breakout, Volume spike, and 52-week High Breakout are supportive of further bullish movement.

Shipping Corporation of India Ltd

Shipping Corporation of India Ltd closed the day at Rs 79.00, up 5.43% from the previous close of Rs 74.93. The stock is currently trading at Rs 80.55, with a traded volume of 1.21 crore shares. Its market capitalization is Rs 3701.87 crore. The stock has shown a robust 119.44% return from its 52-week low, qualifying it as a potential multibagger. The RSI is at 67.11, indicating strong buying momentum. Technical indicators such as Price volume breakout, Volume spike, and Nearing 52-week High suggest continued bullish sentiment.

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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