The Relative Strength Index (RSI) is a technical indicator used in financial markets to measure the speed and change of price movements. It ranges from 0 to 100 and is typically used to assess whether a stock or asset is overbought or oversold.
An RSI value above 70 indicates that the asset might be overbought, suggesting it could be overvalued and might experience a price correction. Conversely, an RSI below 30 indicates that the asset might be oversold, potentially signaling that it is undervalued and could experience a price rebound.
The stocks to watch out are listed below:
Asian paints Ltd
CMP- 2,289.20
RSI – 22.77
Asian Paints Limited is India’s leading paint company, offering a wide range of decorative paints, industrial coatings, and related products. Established in 1942, it has a significant presence in over 15 countries. The company is involved in manufacturing paints for both residential and commercial applications.
Asian Paints is also known for its innovation, sustainability initiatives, and extensive distribution network. It continues to dominate the Indian market while expanding globally, focusing on growth through product diversification and technological advancements in its offerings.
NTPC Ltd
CMP- 335
RSI – 26.94
NTPC (National Thermal Power Corporation) Limited is India’s largest power generation company, specializing in electricity generation and related services. Established in 1975, NTPC primarily generates power from coal, gas, hydro, and renewable energy sources. It plays a critical role in the country’s power sector, contributing to both thermal and non-thermal energy production.
NTPC is focused on expanding its renewable energy capacity, aiming to diversify its energy mix and reduce dependence on fossil fuels, thereby contributing to India’s transition towards cleaner energy sources.
Siemens Ltd
CMP- 335
RSI – 26.94
Siemens India Limited, a subsidiary of Siemens AG, is a major player in the technology and industrial sectors. The company provides solutions across sectors such as energy, automation, digitalization, and healthcare. Siemens is involved in the manufacturing and supply of industrial equipment, automation systems, and smart infrastructure solutions.
It also provides advanced digital solutions to improve efficiency across industries. With a strong focus on innovation, sustainability, and digital transformation, Siemens has become a significant contributor to India’s industrial and technological advancements.
Coal India Ltd
CMP- 385
RSI – 26.48
Coal India Limited (CIL) is the world’s largest coal-producing company, owned by the Indian government. It operates in the extraction, production, and distribution of coal for various sectors, including power, steel, and cement. Established in 1975, CIL plays a crucial role in India’s energy sector, supplying over 80% of the country’s coal needs.
The company is working towards improving its mining processes, enhancing efficiency, and increasing the use of technology. It is also making strides toward sustainability and reducing its environmental footprint.
Hero MotoCorp Ltd
CMP- 4,278
RSI – 24.69
Hero MotoCorp is India’s leading motorcycle and scooter manufacturer, renowned for its wide range of two-wheelers. Founded in 1984, the company is recognized for producing affordable, fuel-efficient, and reliable motorcycles, catering to diverse market segments. Hero MotoCorp holds a significant market share in India and has expanded internationally.
The company is committed to innovation, with a focus on electric vehicles (EVs) and smart technology. Hero is also focused on sustainability, aiming to reduce emissions and enhance the performance of its products in line with future mobility trends.
Written by Sridhar J
