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Top 3 stocks trading below Rs 100

21 June 20244 mins read by Angel One
Barak Valley Cements, Peninsula Land, and Byke Hospitality 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 Friday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action.

Here’s an in-depth look.

Barak Valley Cements Ltd

Barak Valley Cements Ltd saw a significant price movement today, reaching a high of Rs 65.15, with a traded volume of 2.54 lakhs. The stock is currently trading at Rs 65.15, up from the previous close of Rs 59.23, reflecting a 9.99% increase. The company’s market cap stands at Rs 146.75 crore. This performance signifies multibagger returns as the stock has soared by 108.81% from its 52-week low. With a Relative Strength Index (RSI) of 71.73, indicating strong buying momentum, the stock is experiencing a price volume breakout, volume spike, and range breakout. Investors are showing robust interest, pushing the stock towards its 52-week high of Rs 77.

Peninsula Land Ltd

Peninsula Land Ltd achieved a high of Rs 74.8 today, trading heavily with a volume of 93.08 lakhs. Currently, the stock is trading at Rs 73, up from the previous close of Rs 68.58, marking a 6.45% increase. With a market cap of Rs 2273.49 crore, the stock has delivered multibagger returns, surging 218.08% from its 52-week low. The RSI of 66.95 suggests the stock is nearing overbought territory. This momentum, along with a price volume breakout, volume spike, and a 52-week high breakout, indicates strong market enthusiasm and potential for continued upward movement, having already reached its 52-week high today.

Byke Hospitality Ltd

Byke Hospitality Ltd reached a high of Rs 88 today, with a traded volume of 6.37 lakhs. The stock is currently trading at Rs 87.7, up from the previous close of Rs 82.98, a 5.69% increase. The company’s market cap is Rs 411.29 crore. This performance underscores significant investor interest, with the stock returning 151.29% from its 52-week low, marking it as a multibagger. The RSI of 71.19 indicates strong buying pressure. The stock is experiencing a price volume breakout, volume spike, and a 52-week high breakout, suggesting continued positive momentum and the possibility of setting new highs beyond its current 52-week peak of Rs 88.

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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