Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Suzlon Energy Ltd

Suzlon Energy Ltd witnessed a strong trading session with a high of Rs 49.8 and a significant traded volume of 81,272,335 shares. The stock is currently trading at Rs 48.35, up from the previous close of Rs 47.5, marking a 1.79% increase. This near-52-week-high performance is reflected in its 52-week high of Rs 52.1 and a market cap of Rs 65,834.86 crore. Suzlon’s stock has shown a robust return of 339.55% from its 52-week low, classifying it as a multibagger. Technical indicators such as a price volume breakout and a volume spike, combined with an RSI of 61.63, indicate a strong recovery trend.

HFCL Ltd

HFCL Ltd saw a notable trading day, reaching a high of Rs 91.25 with a traded volume of 23,515,467 shares. The stock is currently trading at Rs 90.45, up significantly from the previous close of Rs 83.45, reflecting an 8.39% rise. HFCL is bouncing from support with a 52-week high of Rs 117.8 and a market cap of Rs 12,983.92 crore. The stock has returned 47.07% from its 52-week low. Technical signals such as a price volume breakout, a volume spike, and an RSI of 40.64 underscore the stock’s upward momentum.

Hindustan Construction Company Ltd

Hindustan Construction Company Ltd experienced a bullish session, hitting a high of Rs 35.35 with a traded volume of 43,817,143 shares. The stock is currently trading at Rs 35, up from the previous close of Rs 34.75, marking a 0.72% increase. With a 52-week high of Rs 45.98 and a market cap of Rs 5,890.38 crore, the stock has delivered a return of 105.40% from its 52-week low, qualifying it as a multibagger. Key technical factors include a price volume breakout, a volume spike, an RSI of 42.81, and a pin bar formation, all indicating strong buying interest.

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.