ETMarkets.comWhen it comes to investing in the stock market, one strategy that savvy investors often employ is to identify oversold stocks. These are stocks that have experienced a significant price decline and are trading at levels lower than their intrinsic value. One popular indicator used to gauge whether a stock is oversold is the Relative Strength Index (RSI), with values below 30 suggesting an oversold condition.
ETMarkets, using its powerful screener, has analyzed the market and pinpointed 7 stocks with an RSI below 30 and a market capitalisation of over Rs 500 crore. Let's take a closer look at these companies and their potential investment prospects.
Fourth Dimension Solutions Ltd. (RSI: 18.68)
Fourth Dimension Solutions is a company engaged in the business of providing software services, including enterprise solutions, product development, and IT consulting.
1D Returns: 1.98%
1W Returns: -2.43%
Last Traded Price: Rs 18.05
Volume: 37,128
Avg Volume 30D: 104,216
Indian Energy Exchange Ltd. (RSI: 20.07)
Indian Energy Exchange operates India's leading power exchange platform, providing a transparent and efficient marketplace for trading electricity and renewable energy certificates.
1D Returns: 1.09%
1W Returns: -15.12%
Last Traded Price: Rs 124.85
Volume: 10,310,707
Avg Volume 30D: 13,808,585
Veranda Learning Solutions Ltd. (RSI: 25.83)
Veranda Learning Solutions is a company focused on providing innovative educational solutions, including digital learning platforms and educational content, to students and educational institutions.
1D Returns: 0.3%
1W Returns: -7.94%
Last Traded Price: Rs 164
Volume: 126,653
Avg Volume 30D: 84,779
Clean Science & Technology Ltd. (RSI: 27.3)
Clean Science & Technology is a specialty chemicals manufacturer known for its sustainable and eco-friendly processes. The company produces critical chemicals used in various industries such as pharmaceuticals, agrochemicals, and more.
1D Returns: 0.2%
1W Returns: -3.95%
Last Traded Price: Rs 1,341.95
Volume: 160,403
Avg Volume 30D: 377,909
V-Mart Retail Ltd. (RSI: 28.57)
V-Mart Retail operates a chain of retail stores offering affordable fashion and lifestyle products across Tier II, III, and IV cities in India. The company has a strong focus on serving middle-class
1D Returns: -0.14%
1W Returns: -3.3%
Last Traded Price: Rs 1,971.05
Volume: 60,436
Avg Volume 30D: 48,716
(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
ETMarkets, using its powerful screener, has analyzed the market and pinpointed 7 stocks with an RSI below 30 and a market capitalisation of over Rs 500 crore. Let's take a closer look at these companies and their potential investment prospects.
Fourth Dimension Solutions Ltd. (RSI: 18.68)
Fourth Dimension Solutions is a company engaged in the business of providing software services, including enterprise solutions, product development, and IT consulting.
1D Returns: 1.98%
1W Returns: -2.43%
Last Traded Price: Rs 18.05
Volume: 37,128
Avg Volume 30D: 104,216
Indian Energy Exchange Ltd. (RSI: 20.07)
Indian Energy Exchange operates India's leading power exchange platform, providing a transparent and efficient marketplace for trading electricity and renewable energy certificates.
1D Returns: 1.09%
1W Returns: -15.12%
Last Traded Price: Rs 124.85
Volume: 10,310,707
Avg Volume 30D: 13,808,585
Veranda Learning Solutions Ltd. (RSI: 25.83)
Veranda Learning Solutions is a company focused on providing innovative educational solutions, including digital learning platforms and educational content, to students and educational institutions.
1D Returns: 0.3%
1W Returns: -7.94%
Last Traded Price: Rs 164
Volume: 126,653
Avg Volume 30D: 84,779
Clean Science & Technology Ltd. (RSI: 27.3)
Clean Science & Technology is a specialty chemicals manufacturer known for its sustainable and eco-friendly processes. The company produces critical chemicals used in various industries such as pharmaceuticals, agrochemicals, and more.
1D Returns: 0.2%
1W Returns: -3.95%
Last Traded Price: Rs 1,341.95
Volume: 160,403
Avg Volume 30D: 377,909
V-Mart Retail Ltd. (RSI: 28.57)
V-Mart Retail operates a chain of retail stores offering affordable fashion and lifestyle products across Tier II, III, and IV cities in India. The company has a strong focus on serving middle-class
1D Returns: -0.14%
1W Returns: -3.3%
Last Traded Price: Rs 1,971.05
Volume: 60,436
Avg Volume 30D: 48,716
(Disclaimer: This is an AI generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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Inflation at 25-Month Low; Industrial Growth JumpsIndia’s retail inflation slowed more than expected to a 25-month low of 4.25% in May, close to the RBI’s target 4% rate. But experts don’t expect the central bank to start cutting interest rates any time soon.
Recruiting Sentiment Improves for July-SeptIndia’s job market is likely to see an uptick in July-September, signalling a positive turnaround after two consecutive quarters of cooling down, a survey of 3,020 employers has revealed.
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