Synopsis:
Currently, as of sept 9th, eMudhra Ltd (RSI: 26.30) and Capital Trust Ltd (RSI: 28.34) are in the oversold territory, signaling significant selling pressure and potential undervaluation. Highway Infrastructure Ltd is also approaching oversold conditions, making these stocks important to watch for possible reversal or buying opportunities in the near term.
Stocks entering the oversold zone, indicated by a Relative Strength Index (RSI) below 30, may present potential buying opportunities as they could be undervalued or due for a technical rebound. Investors often monitor such signals to identify stocks that have been heavily sold off.
eMudhra Ltd
eMudhra Ltd is a leading Indian provider of digital signature certificates and identity-based digital solutions, specializing in secure electronic authentication and digital transaction management. The company offers services like digital signing, document verification, and e-KYC solutions, catering to sectors such as banking, government, and corporate enterprises.
With market capitalization of Rs. 5,756 cr, the shares of eMudhra Ltd closed at Rs. 695.20 per share, from its previous close of Rs. 693.03 per share. The current RSI of 26.30 suggests the stock is technically oversold and could be on investors radar for a potential rebound if buying momentum picks up.
Capital Trust Ltd
Capital Trust Ltd is a non-banking financial company (NBFC) in India that provides a wide range of financial services, including corporate finance, loan syndication, infrastructure financing, and investment advisory. The company focuses on offering customized financial solutions to businesses, helping them with project financing, structured debt, and capital market services. With expertise in infrastructure and real estate sectors, Capital Trust Ltd plays an important role in supporting large-scale projects and promoting economic growth.
With market capitalization of Rs. 100 cr, the shares of Capital Trust Ltd closed at Rs. 43.11 per share, from its previous close of Rs. 43.93 per share. Capital Trust Ltd is currently in oversold territory with an RSI of 28.34, indicating potential bearish momentum but possibly signaling a near-term rebound opportunity amid weak fundamentals.
Highway Infrastructure Ltd
Highway Infrastructure Ltd is an Indian company engaged in the development, construction, and maintenance of road and highway projects on a build-operate-transfer (BOT) and EPC (Engineering, Procurement, and Construction) basis. It focuses on improving road connectivity across the country by executing projects related to national and state highways, contributing to India’s infrastructure development. The company plays a key role in enhancing transportation efficiency and supporting economic growth through its infrastructure solutions.
With market capitalization of Rs. 631 cr, the shares of Highway Infrastructure Ltd closed at Rs. 87.97 per share, from its previous close of Rs. 85.71 per share. Highway Infrastructure Ltd is currently in oversold territory with RSI of 22.75, indicating potential for a short-term rebound.
Written by Manideep Appana
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