Top 3 stocks trading below Rs 100

These three equities gained significantly with price and volume activity during Wednesday’s trading sessions, indicating potential bullish action.

Here’s an in-depth look.

NMDC Ltd

NMDC Ltd is currently showcasing strong market activity, trading at Rs 247.75 after reaching a high of Rs 249.15 during the day. The volume of shares traded today stands at 32,168,850, indicating significant investor interest. This move represents a 5.58% increase from its previous close of Rs 234.65, highlighting a positive shift in investor sentiment. The stock is currently near its 52-week high of Rs 252.4, showing potential for a breakout. Technical indicators such as a Volume spike and its position above the 50-day EMA, along with an RSI of 67.35, suggest that the stock is well-positioned for continued upward movement.

Bajaj Hindusthan Sugar Ltd

Bajaj Hindusthan Sugar Ltd has seen a lively trading day with a volume of 25,781,117 shares, and it’s currently trading at Rs 33.9 after touching a high of Rs 34.85. The stock has climbed by 2.42% from its previous close of Rs 33.1. This upward movement is supported by a volume spike and a bounce back from the trendline, which are key indicators of strong investor interest and potential for further gains. The stock encountered minor resistance at Rs 34 today, a sign of its struggle to break higher. However, the RSI stands at 59.25, indicating that the momentum could continue the bullish trend.

Geojit Financial Services Ltd

Geojit Financial Services Ltd is experiencing robust trading, currently at Rs 95.25 after achieving a new 52-week high of Rs 96. The traded volume is notably high at 12,288,655 shares. This marks a substantial increase of 12.12% from the previous close of Rs 84.95. The stock’s strong performance is underscored by a price volume breakout and a significant volume spike, reflecting heightened trader activity and confidence. With an RSI at 76.70, the stock shows strong upward momentum, suggesting that the bullish trend might persist following several strong trading sessions.

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.