The Relative Strength Index (RSI) is a popular technical indicator used by traders to analyze the momentum of price movements in financial markets. It measures both the speed and magnitude of recent price changes on a scale of 0 to 100, helping investors identify potential trend reversals and evaluate the strength of ongoing trends.
When the RSI moves above 70, it often signals that a stock or asset is overbought, implying prices may have risen too quickly and a correction could follow. On the other hand, an RSI below 30 suggests oversold conditions, indicating the asset might be undervalued and could soon see a price recovery or upward reversal.
Here are the list of stocks trading below RSI 30;
Aptech Ltd
Aptech Ltd. has a presence in diverse sectors ranging from IT training, media & entertainment, retail & aviation, beauty & wellness, banking & finance, and the pre-school segment, amongst others. It has successfully trained students, professionals, universities & corporates through its two main streams of business – Individual Training and Enterprise Business Group
With a market capitalization of Rs. 629.91 crores on Monday, the stock closed at Rs. 108.60 apiece, with an RSI of 20.71, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Route Mobile Ltd
Route Mobile Limited is a cloud communications platform service provider catering to enterprises, OTT players, and mobile network operators (MNOs). RML’s portfolio comprises solutions in Business Messaging, Voice, Email, SMS filtering, analytics, and monetization.
With a market capitalization of Rs. 4,607.96 crores on Monday, the stock closed at Rs. 731.45 apiece, with an RSI of 27.86, indicating that it is in the oversold zone, offering the potential for an upside bounce.
SKF India Ltd
SKF India designs and manufactures bearings, seals, lubrication systems, and related products that reduce friction and improve efficiency in machinery. The company serves industries like automotive, railways, construction, and energy. It also provides condition monitoring, maintenance, and engineering solutions, helping customers enhance reliability, performance, and sustainability across rotating equipment and industrial applications.
With a market capitalization of Rs. 10,748 crores on Monday, the stock closed at Rs. 2,174 apiece, with an RSI of 14.19, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Glenmark Pharmaceuticals Ltd
The company develops, manufactures, and markets branded and generic pharmaceuticals, along with specialty and over-the-counter products. It focuses on therapeutic areas like dermatology, respiratory, and oncology, and also invests in innovative drug discovery through its specialty and API divisions.
With a market capitalization of Rs. 51,849 crores on Monday, the stock closed at Rs. 1,837apiece, with an RSI of 25.25, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Lotus Chocolate Ltd
Lotus Chocolate Company is a leading Indian manufacturer of fine chocolates, cocoa products, and derivatives, supplying them to chocolate makers and users across the country. The company operates a fully integrated manufacturing facility, managing everything from cocoa bean processing to delivering the final fine chocolate products.
With a market capitalization of Rs. 1,246 crores on Monday, the stock closed at Rs. 970 apiece, with an RSI of 28.39, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Written by Abhishek Singh
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