The Relative Strength Index (RSI) is a widely used technical tool that helps traders assess the momentum of price movements in financial markets. It evaluates the speed and magnitude of recent price changes on a 0–100 scale, aiding in spotting trend strength and possible reversals.
When the RSI climbs above 70, it typically indicates that a stock or asset is overbought, meaning prices may have increased too rapidly and could face a pullback. Conversely, an RSI below 30 signals oversold conditions, suggesting potential undervaluation and a possible price rebound ahead.
Here are the list of stocks trading below RSI 30;
Linde India Ltd
Linde India Ltd, a subsidiary of Linde Plc, is a leading industrial gases and engineering company in India. It supplies oxygen, nitrogen, argon, and specialty gases to industries like steel, healthcare, and chemicals, while also providing turnkey engineering and cryogenic plant solutions across multiple sectors.
With a market capitalization of Rs. 49,846 crores on Friday, the stock closed at Rs. 5,845, with an RSI of 26.68, indicating that it is in the oversold zone, offering the potential for an upside bounce.
KEC International Ltd
KEC International Ltd, part of the RPG Group, is a global infrastructure engineering, procurement, and construction (EPC) company. It operates in power transmission, railways, civil, cables, and renewable sectors. With operations in over 100 countries, KEC plays a vital role in building critical infrastructure worldwide.
With a market capitalization of Rs. 20,214 crores on Friday, the stock closed at Rs. 759 with an RSI of 18.33, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Dalmia Bharat Ltd
Dalmia Bharat Ltd is one of India’s leading cement manufacturers, known for sustainable production practices and innovative green technologies. The company produces a wide range of cement products catering to housing, infrastructure, and industrial projects, with a strong presence across eastern, southern, and northeastern India.
With a market capitalization of Rs. 38,307 crores on Friday, the stock closed at Rs. 2,042 apiece, with an RSI of 22.73, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Bata India Ltd
Bata India Ltd, a subsidiary of the global Bata Shoe Organization, is India’s largest footwear retailer and manufacturer. With an extensive retail network and diverse product range, Bata caters to men, women, and children, offering stylish, comfortable, and affordable footwear options across urban and rural markets.
With a market capitalization of Rs. 13,657 crores on Friday, the stock closed at Rs. 1,063 apiece, with an RSI of 27.54, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Godrej Agrovet Ltd
Godrej Agrovet Ltd, part of the Godrej Group, is a diversified agribusiness company engaged in animal feed, crop protection, oil palm, dairy, and poultry. It focuses on enhancing agricultural productivity through innovation and sustainability, serving millions of farmers across India with high-quality, science-backed agricultural products and solutions.
With a market capitalization of Rs. 11,356 crores on Friday, the stock closed at Rs. 590.00 apiece, with an RSI of 19.93, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Written by Abhishek Singh
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