Top 3 stocks trading below Rs 100

During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action.

Here’s an in-depth look.

SBC Exports Ltd

Today, SBC Exports Ltd witnessed a significant trading volume of 5,595,263 shares, combined with a price movement from the previous close of Rs 26.95 to currently trading at Rs 27.6. This indicates a price volume breakout, with a volume spike suggesting strong investor interest. The stock is currently up by 2.41%. The Relative Strength Index (RSI) stands at 66.76, highlighting increased momentum, and the stock is trading above its 50-day EMA.

BCL Industries Ltd

BCL Industries Ltd showed robust activity with a traded volume of 6,708,720 shares. The stock moved from a previous close of Rs 55.7 to currently trading at Rs 58.8, marking a 5.57% increase. Today’s performance features a price volume breakout and a significant volume spike. The RSI is at 46.28, suggesting the stock is somewhat stable but below the 50-day Exponential Moving Average, signaling caution.

Baid Finserv Ltd

Baid Finserv Ltd experienced a notable trading day with 3,104,318 shares changing hands. The stock rose from Rs 20.8 to currently trading at Rs 23.15, achieving an 11.30% increase. The company saw a price volume breakout with a volume spike and an RSI of 61.41, indicating strong buying momentum. Notably, the stock crossed the 50-day Exponential Moving Average today, enhancing its bullish outlook.

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.