Top 3 stocks trading below Rs 100

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.

Sigachi Industries Ltd

Sigachi Industries Ltd is currently trading at Rs 68.55, up by 3.71% from its previous close of Rs 66.1. The stock hit a high of Rs 69.7 today with a traded volume of 2,981,560 shares. This movement reflects a positive price volume breakout and a volume spike, indicating increased investor interest. The stock is trading near its 50-day EMA, with an RSI of 54.07, suggesting moderate momentum. Over the last year, the stock has provided multibagger returns of 176.27%, peaking at a 52-week high of Rs 95.9. With a market cap of Rs 2242.59 crore, Sigachi Industries showcases significant growth potential for investors.

Kothari Sugars and Chemicals Ltd

Kothari Sugars and Chemicals Ltd saw its shares rise to Rs 61.9, up by 6.91% from the previous closing price of Rs 57.9. Today, it recorded a high of Rs 63.9 with a traded volume of 1,252,960 shares. The stock is currently exhibiting a price volume breakout and a noticeable volume spike, moving within a rising channel which indicates a steady upward trend. The RSI is at 59.50, showing increasing buying momentum, complemented today by a bullish engulfing candlestick pattern, signaling further potential upside. Over the past year, the stock has generated returns of 57.23%, reaching a high of Rs 71.7, and currently holds a market cap of Rs 513.08 crore.

Magnum Ventures Ltd

Magnum Ventures Ltd is trading at Rs 62.3, reflecting a 2.64% increase from its previous close of Rs 60.7. The stock achieved a high today of Rs 63.45, with a volume of 663,816 shares being traded. The trading activity shows a price volume breakout and a significant volume spike, with the RSI positioned at 66.64, indicating strong buying interest. The upward trend has been consistent, suggesting robust market confidence. Magnum Ventures has yielded multibagger returns of 118.51% over the last year, with a peak price of Rs 77.87. The company’s market capitalization stands at Rs 368.67 crore, highlighting its substantial growth in the market.

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.