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Top 3 stocks trading below Rs 100

24 June 20244 mins read by Angel One
Udayshivakumar Infra, Surana Telecom and Power, and Lloyds Engineering Works 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 Monday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action.

Here’s an in-depth look.

Udayshivakumar Infra Ltd

Udayshivakumar Infra Ltd experienced a significant surge today, hitting a new 52-week high of Rs 81.99 and closing slightly lower at Rs 81.13. The stock saw a remarkable volume of 27.80 lakh shares traded, indicating strong investor interest. The current price shows a notable 12.85% increase from the previous close of Rs 71.89. With a market cap of Rs 447.14 crore and an impressive multibagger return of 179.76% from its 52-week low, the stock demonstrates substantial growth potential. The RSI of 75.64 suggests that the stock is in the overbought territory. Overall, the price-volume breakout and volume spike point to continued bullish momentum.

Surana Telecom and Power Ltd

Surana Telecom and Power Ltd saw a significant increase in trading activity today, with the stock hitting Rs 24.14, a gain of 9.98% from its previous close of Rs 21.95. The traded volume was robust at 13.35 lakh shares. The stock is currently near its 52-week high of Rs 24.30, highlighting strong upward momentum. With a market cap of Rs 327.72 crore and a multibagger return of 172.77% from its 52-week low, it shows substantial growth potential. The RSI of 73.82 indicates that the stock is approaching overbought levels. The price-volume breakout and volume spike reinforce the bullish trend.

Lloyds Engineering Works Ltd

Lloyds Engineering Works Ltd experienced robust trading today, reaching a new high of Rs 76.25 before closing at Rs 75, marking a 7.60% increase from the previous close of Rs 69.7. The stock saw a massive traded volume of 286.73 lakh shares, indicating strong market interest. With a market cap of Rs 8501.54 crore and an exceptional multibagger return of 233.93% from its 52-week low, it showcases impressive growth. The RSI of 68.03 suggests the stock is nearing overbought levels. The price-volume breakout and volume spike signal a strong bullish trend with potential for further gains.

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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