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.

Easy Trip Planners Ltd

Today, Easy Trip Planners Ltd is witnessing significant trading activity with a high of Rs 47.55 and a volume of 51,948,059 shares, currently trading at Rs 47. This marks a notable increase from its previous close at Rs 44.95, reflecting a Rs 4.56% growth. The stock has shown strong bullish signals, including a price volume breakout and a substantial spike in volume, indicating heightened investor interest. Additionally, technical indicators such as the Relative Strength Index (RSI) at 58.41 and a cross above its 50-day Exponential Moving Average (EMA) suggest that the stock is well-positioned for a continued upward trend.

IFCI Ltd

IFCI Ltd has also shown a robust trading day with its stock price peaking at Rs 46.1 on a volume of 27,766,452 shares, and it remains trading at that peak, up Rs 9.89% from the previous close of Rs 41.95. The trading dynamics suggest a price volume breakout coupled with a significant volume spike, which could be indicative of strong investor confidence. The bounce back from the trendline and an RSI of 57.20, along with crossing above its 50-day EMA, points towards a potential start of a new upward trend for the stock.

GMR Airports Infrastructure Ltd

GMR Airports Infrastructure Ltd reached a high of Rs 83 today, with a trading volume of 18,800,097 shares and is currently trading at Rs 82.25, which is a modest increase of Rs 1.48% from its previous closing price of Rs 81.05. The stock demonstrated a price volume breakout and a noticeable spike in volume, suggesting a renewed interest from investors. The stock’s recovery from the trendline and crossing above the 50-day EMA, combined with an RSI at 50.54, indicate that it might be setting up for a more stable uptrend.

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.