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Top 3 stocks trading below Rs 100

21 June 20244 mins read by Angel One
DRC Systems India, Windsor Machines, and Dwarikesh Sugar Industries 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 Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action.

Here’s an in-depth look.

DRC Systems India Ltd 

DRC Systems India Ltd is experiencing a significant uptrend with a high of Rs 26.11. The stock is currently trading at Rs 26.11, up from the previous close of Rs 21.76, marking a 19.99% increase. The traded volume stands at an impressive 917,499. With a 52-week high of Rs 26.11 and a market cap of Rs 343.80 crore, the stock has delivered multibagger returns of 123.54% from its 52-week low. This surge is highlighted by a price volume breakout, volume spike, and a 52-week high breakout, showing strong investor interest. The RSI at 73.85 indicates the stock is nearing overbought territory.

Windsor Machines Ltd

Windsor Machines Ltd has shown strong momentum, reaching a high of Rs 93.8. It is currently trading at Rs 91.71, up from the previous close of Rs 81.03, a 13.18% increase. The trading volume is robust at 2,725,506 shares. The stock, with a 52-week high of Rs 104.3 and a market cap of Rs 585.55 crore, has returned 94.92% from its 52-week low. This activity suggests a price volume breakout and volume spike, with the stock nearing its 52-week high breakout zone. The RSI at 64.42 suggests there is still room for further gains.

Dwarikesh Sugar Industries Ltd

Dwarikesh Sugar Industries Ltd has risen to a high of Rs 81. It is currently trading at Rs 78.55, up from the previous close of Rs 74.69, reflecting a 5.17% increase. The trading volume is significantly high at 19,082,621 shares. With a 52-week high of Rs 109.8 and a market cap of Rs 1,409.52 crore, the stock has delivered a 26.69% return from its 52-week low. The price volume breakout, volume spike, and trendline breakout indicate strong bullish trends. The RSI at 70.38 shows the stock is approaching overbought levels, suggesting potential for continued momentum

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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