The Relative Strength Index (RSI) is a widely used tool in trading that measures the speed and magnitude of price changes to identify overbought or oversold conditions. RSI values range from 0 to 100.
An RSI value above 70 indicates that an asset may be overbought, suggesting it could be overpriced and due for a price correction. Conversely, a value below 30 signals the asset might be oversold and could potentially rebound.
Here are a few Nifty 500 stocks that are trading below the Relative Strength Index (RSI) Level 30
1. Colgate-Palmolive (India) Limited
Colgate-Palmolive (India) Limited was established in 1937 and is a leading FMCG company engaged in manufacturing and marketing oral care products like toothpaste, toothbrushes, mouthwash, and personal care goods under the Colgate and Palmolive brands.
Coming into financial highlights, Colgate-Palmolive (India) Limited’s revenue has decreased from Rs. 1,497 crore in Q1 FY25 to Rs. 1,434 crore in Q1 FY26, which is a drop of 4.21 percent. The net profit has decreased by 11.81 percent from Rs. 364 crore in Q1 FY25 to Rs. 321 crore in Q1 FY26.
With a market capitalization of Rs. 60,108.83 crores on Monday, the stock closed at Rs. 2,210, with an RSI of 21.73, indicating that it is in the oversold zone, offering the potential for an upside bounce.
2. Solar Industries India Limited
Solar Industries India Limited was established in 1983 and is headquartered in Nagpur. The company is a leading global manufacturer of industrial and defense explosives, detonators, and propellants. It serves mining, infrastructure, construction, and defense sectors worldwide.
Coming into financial highlights, Solar Industries India Limited’s revenue has increased from Rs. 1,611 crore in Q4 FY24 to Rs. 2,167 crore in Q4 FY25, which has grown by 34.51 percent. The net profit has also grown by 42.39 percent from Rs. 243 crore in Q4 FY24 to Rs. 346 crore in Q4 FY25.
With a market capitalization of Rs. 130,824.64 crores on Monday, the stock closed at Rs. 14,457.35, with an RSI of 24.12, indicating that it is in the oversold zone, offering the potential for an upside bounce.
3. Persistent Systems Limited
Persistent Systems Limited was established in 1990 and is an Indian multinational IT company specializing in software product development, technology services, and digital transformation for sectors like banking, healthcare, and insurance globally.
Coming into financial highlights, Persistent Systems Limited’s revenue has increased from Rs. 2,737 crore in Q1 FY25 to Rs. 3,334 crore in Q1 FY26, which has grown by 21.81 percent. The net profit has also grown by 38.89 percent from Rs. 306 crore in Q1 FY25 to Rs. 425 crore in Q1 FY26.
With a market capitalization of Rs. 80,327.04 crores on Monday, the stock closed at Rs. 5,136, with an RSI of 28.49, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Written By – Nikhil Naik
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