The Relative Strength Index (RSI) is a tool used in stock trading to check how fast and how much a stock’s price is changing. It has a scale from 0 to 100. If the RSI is above 70, the stock might be overpriced and could see a drop. If it is below 30, the stock might be underpriced and could rise. RSI is usually calculated over 14 days.
Here is the list of stocks that are in the Oversold Zone:
1. JK Paper
- RSI Level: 21.67
JK Paper Ltd. is a leading manufacturer of paper and packaging board products in India. Part of the JK Organization, the company has a strong presence in both domestic and international markets, catering to diverse industries with its wide range of paper solutions. It operates multiple manufacturing units equipped with advanced technology to ensure high-quality production.
2. Carborundum Universal
- RSI Level: 19.52
Carborundum Universal Ltd. (CUMI), a part of the Murugappa Group, is a leading multinational company specializing in abrasives, ceramics, and electro-minerals. Established in 1954, CUMI has a strong presence in over 40 countries, with manufacturing facilities in India, Russia, South Africa, and China.
3. Kirloskar Oil
- RSI Level: 13.69
Kirloskar Oil Engines Ltd is a leading Indian manufacturer of diesel engines, power generation solutions, and agricultural equipment. Part of the Kirloskar Group, KOEL has a strong legacy in engineering and innovation, serving industries such as agriculture, construction, marine, and power generation.
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4. Natco Pharma
- RSI Level: 20.49
Natco Pharma Ltd. is a leading Indian pharmaceutical company specializing in the manufacturing and marketing of generic medicines, oncology drugs, and active pharmaceutical ingredients (APIs). Established in 1981, the company has a strong presence in both domestic and international markets
5. Welspun Enterprises
- RSI Level: 24.10
Welspun Enterprises Ltd., a part of the Welspun Group, is a leading infrastructure development company specializing in road and highway construction, water infrastructure, and oil & gas projects.
6. Orchid Pharma
- RSI Level: 22.40
Orchid Pharma Ltd. is a pharmaceutical company engaged in the development, manufacturing, and marketing of active pharmaceutical ingredients (APIs) and finished dosage formulations. The company has a strong presence in the cephalosporin antibiotic segment and operates a US FDA-approved manufacturing facility, reinforcing its position in the global pharmaceutical market.
7. Sula Vineyards
- RSI Level: 22.37
Sula Vineyards Ltd. is India’s largest and most well-known wine producer, recognized for pioneering the country’s modern wine industry. Founded in 1999, the company has established itself as a leader in winemaking, offering a diverse range of red, white, rosé, and sparkling wines.
8. KNR Construction
- RSI Level: 23.27
KNR Constructions Ltd. is a leading infrastructure development company in India, specializing in roads, highways, irrigation, and urban infrastructure projects. Established in 1995, the company has built a strong reputation for executing high-quality engineering, procurement, and construction (EPC) projects, along with hybrid annuity model (HAM) and build-operate-transfer (BOT) projects.
Written By Abhishek Das
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