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:
Suven Pharmaceuticals Ltd
CMP- 1,092
RSI – 26.21
Suven Pharmaceuticals Limited is a leading player in the pharmaceutical sector, specializing in the development of innovative drug products and active pharmaceutical ingredients (APIs). The company focuses on research and development in areas such as neuroscience, oncology, and other therapeutic segments.
Suven is known for its strong pipeline of products, with several drugs in various stages of clinical development. It collaborates with global pharmaceutical companies to provide cost-effective and high-quality solutions.
CMP- 574.10
RSI – 24.07
Hindalco Industries Ltd is a flagship company of the Aditya Birla Group and one of the largest integrated producers of aluminum and copper in India. With a global presence in more than 50 countries, Hindalco is known for its wide range of products, including aluminum rolled products, copper cathodes, and other essential metal products.
The company focuses on sustainability and technological innovation, maintaining a leadership position in the non-ferrous metals sector. Hindalco’s operations span from mining and smelting to manufacturing, catering to industries such as automotive, construction, and packaging.
PI Industries limited
CMP- 3,600.20
RSI – 19.08
PI Industries Ltd is a leading player in the Indian agrochemical sector, renowned for its innovative products and solutions. The company focuses on the development, manufacturing, and marketing of a broad spectrum of crop protection chemicals, fertilizers, and seeds.
PI Industries is recognized for its strong research and development capabilities, driving innovations in agrochemical formulations. It also has a growing presence in the global markets, offering customized solutions for sustainable farming practices.
Astral Limited
CMP- 1,556.45
RSI – 17.95
Astral Limited is a leading manufacturer of plumbing and drainage systems, specializing in the production of CPVC, UPVC pipes, and fittings. Known for its high-quality products, Astral caters to residential, commercial, and industrial sectors, offering innovative solutions for water distribution and sanitation systems.
The company has expanded its product portfolio to include adhesives and chemicals, further enhancing its market presence. With a focus on research, development, and customer satisfaction, Astral is committed to providing durable, reliable, and eco-friendly solutions.
Grindwell Norton Ltd
CMP- 1,883.75
RSI – 25.67
Grindwell Norton Ltd is a leading player in the Indian abrasives and refractory solutions sector, renowned for its wide range of high-performance products. The company specializes in manufacturing bonded and coated abrasives, refractories, and industrial ceramics, catering to industries such as automotive, steel, construction, and aerospace.
Grindwell Norton is a part of the Saint-Gobain Group, benefiting from global expertise and innovative technologies. With a strong focus on research and development, the company consistently introduces new solutions that enhance productivity and quality for its customers.
Written by Sridhar J
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