Top 3 stocks trading below Rs 100

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.

Sarla Performance Fibers Ltd

Sarla Performance Fibers Ltd is currently trading at Rs 78.65, which is significantly higher than yesterday’s close at Rs 69, representing a 13.99% increase. This spike in price is accompanied by a substantial traded volume of 6,477,907 shares, indicating a strong price volume breakout. The stock has reached a new 52-week high of Rs 79.2 today. Over the past year, the stock has provided an impressive 90% return to its investors. The current RSI (Relative Strength Index) stands at 81.12, suggesting the stock might be entering overbought territory but also indicating strong bullish momentum. Given these factors, along with its current market cap of Rs 652.23 crore, Sarla Performance Fibers is showing signs of a potential long-term bullish move following this breakout.

Centrum Capital Ltd

Centrum Capital Ltd is trading at Rs 40.65, up by 7.97% from the previous close of Rs 37.65. The trading volume has surged to 6,264,964 shares, highlighting a significant price volume breakout. This stock is just below its 52-week high of Rs 41.55 and has experienced a dramatic increase in value over the past year with returns of 107.20%. The RSI is at 62.23, which indicates healthy bullish momentum without entering overbought territory. Moreover, the stock is trading above its 50-day EMA, suggesting a strong upward trend. The market cap of Centrum Capital stands at Rs 1615.07 crore. The technical indicators and current performance suggest that Centrum Capital might soon breakout further, reinforcing its strong bullish potential.

SBC Exports Ltd

SBC Exports Ltd is currently trading at Rs 27.05 after opening at Rs 27.35, up 4.84% from the previous close of Rs 25.8. Today’s traded volume of 4,006,798 shares suggests a notable price volume breakout. The stock has seen a significant return of 71.15% over the last year and is currently trading below its 52-week high of Rs 33.85. The RSI is positioned at 65.65, which reflects sustained buying interest and potential for further price appreciation. Additionally, the stock’s bounce back from support levels further suggests upward momentum. With a market cap of Rs 858.73 crore, SBC Exports is poised to potentially rally towards its 52-week high in the coming 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.