Synopsis: SBI Cards, Sundaram Finance, GlaxoSmithKline Pharmaceuticals, Container Corporation, Emami, and Patanjali Foods are among Nifty 500 stocks trading below the RSI level of 30, indicating oversold conditions.
The Relative Strength Index (RSI) is a widely used tool that helps traders understand whether a stock is gaining or losing momentum. The RSI value ranges from 0 to 100 and is used to identify potential buying or selling opportunities.
Generally, an RSI above 70 indicates that a stock may have risen too much in a short period and could see some profit booking. An RSI below 30 suggests that the stock may be oversold and could be due for a recovery. Traders often use these levels to assess short-term market trends and price movements. Here are a few Nifty 500 stocks that are trading below the Relative Strength Index (RSI) Level 30
SBI Cards & Payment Services Limited
SBI Cards and Payment Services Limited is a leading Indian non-banking financial company specializing in credit card issuance and payment services. Incorporated in 1998, it operates as a subsidiary of State Bank of India and is among the largest pure-play credit card companies in the country, serving millions of individual and corporate customers.
With a market capitalization of Rs. 56,277.94 crores on Friday, the stock closed at Rs. 591.40, with an RSI of 23.85 indicating that it is in the oversold zone, offering the potential for an upside bounce.
Sundaram Finance Limited
Sundaram Finance Limited is an Indian non-banking financial company (NBFC) headquartered in Chennai, Tamil Nadu. Founded in 1954, it is part of the TVS Group and provides a wide range of financial services, including vehicle and equipment financing, investment products, and insurance. The company is known for its conservative management and strong customer trust in retail and commercial financing.
With a market capitalization of Rs. 45,784.79 crores on Friday, the stock closed at Rs. 4,120.90, with an RSI of 28.98 indicating that it is in the oversold zone, offering the potential for an upside bounce.
Glaxosmithkline Pharmaceuticals Limited
GlaxoSmithKline Pharmaceuticals Limited is a leading Indian pharmaceutical company engaged in manufacturing, marketing, and distributing prescription medicines and vaccines. Headquartered in Mumbai, it operates as a subsidiary of the global healthcare group GSK plc. The company plays a significant role in advancing healthcare access and innovation within India’s pharmaceutical sector.
With a market capitalization of Rs. 36,654.38 crores on Friday, the stock closed at Rs. 2,163.70, with an RSI of 25.39 indicating that it is in the oversold zone, offering the potential for an upside bounce.
Container Corporation Of India Limited
Container Corporation of India Limited (CONCOR) is a public sector logistics company under the Ministry of Railways, headquartered in New Delhi. Founded in 1988, it manages multimodal freight transport and containerized logistics services that link India’s ports, inland depots, and industrial centers.
With a market capitalization of Rs. 34,406.09 crores on Friday, the stock closed at Rs. 451.75, with an RSI of 29.09 indicating that it is in the oversold zone, offering the potential for an upside bounce.
Emami Limited
Emami Limited is an Indian fast-moving consumer goods (FMCG) company specializing in personal care, health, and wellness products. Founded in Kolkata in 1974, it is known for herbal and ayurvedic brands that dominate the Indian and international markets. The company forms a major part of the Emami Group, a diversified business conglomerate.
With a market capitalization of Rs. 16,935.32 crores on Friday, the stock closed at Rs. 385.70, with an RSI of 26.85 indicating that it is in the oversold zone, offering the potential for an upside bounce.
Patanjali Foods Limited
Patanjali Foods Limited is an Indian fast-moving consumer goods (FMCG) and edible oils company headquartered in Haridwar, Uttarakhand. It is part of the Patanjali Group, led by Baba Ramdev and Acharya Balkrishna, and operates across food, nutraceutical, and personal care categories. The company is one of India’s largest edible oil producers and an important player in the domestic FMCG market.
With a market capitalization of Rs. 45,776.73 crores on Friday, the stock closed at Rs. 420.70, with an RSI of 28.51, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
