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Top 3 stocks trading below Rs 100

25 June 20244 mins read by Angel One
Dhani Services, Vascon Engineers, and Spacenet Enterprises 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 Tuesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action.

Here’s an in-depth look.

Dhani Services Ltd

Dhani Services Ltd saw a significant trading volume of 2.04 crore shares today. The stock reached a high of Rs 53.6 and is currently trading at Rs 52, up from its previous close of Rs 48.63, marking a 6.93% increase. The stock is nearing its 52-week high of Rs 56.8, with a market cap of Rs 3014.09 crore. Notably, Dhani Services Ltd has delivered a strong return of 73.91% from its 52-week low, indicating solid performance and investor confidence. With an RSI of 61.96, it suggests a moderately strong momentum, and the price volume breakout along with the volume spike today suggests the potential for further upward movement.

Vascon Engineers Ltd

VASCON Engineers Limited experienced a high trading volume of 81.07 lakh shares. The stock hit a high of Rs 79.6 and is currently trading at Rs 77.2, up from its previous close of Rs 75.4, resulting in a 2.39% increase. The stock is moving towards its 52-week high of Rs 91.85, with a market cap of Rs 1734.80 crore. The company has seen a remarkable return of 90.38% from its 52-week low, showcasing strong performance. With an RSI of 63.4, it indicates positive momentum, and today’s price volume breakout and volume spike point towards a potential continuation of this upward trend, particularly as it has breached a resistance level.

Spacenet Enterprises India Ltd

Spacenet Enterprises India Ltd recorded a high trading volume of 70.09 lakh shares. The stock reached a high of Rs 35.49 and is currently trading at Rs 35.44, up from its previous close of Rs 32.92, a 7.65% increase. The stock is nearing its 52-week high of Rs 39.4, with a market cap of Rs 1946.47 crore. Impressively, it has delivered multibagger returns of 130.88% from its 52-week low, reflecting substantial gains for investors. With a RSI of 67.09, the stock is showing strong momentum. The price volume breakout and volume spike suggest it is a potential breakout candidate, making it one to watch for continued 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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