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 is the list of stocks trading below RSI 30;
Shree Cements Ltd
Shree Cements Ltd is one of India’s leading cement manufacturers, known for its strong brand “Shree” and energy-efficient production. With plants across multiple states, the company focuses on sustainable operations, cost efficiency, and steady capacity expansion, making it a key player in India’s growing construction and infrastructure sectors.
With a market capitalization of Rs. 97,377 crores on Thursday, the stock closed at Rs. 26,985 apiece, with an RSI of 26.36, indicating that it is in the oversold zone, offering the potential for an upside bounce.
ABB India Ltd
ABB India Ltd is a major technology and engineering company offering automation, electrification, robotics, and motion solutions. With a strong global heritage, it supports India’s industrial, energy, and infrastructure growth. The company focuses on smart technologies, sustainability, and digital innovation, enabling efficient and future-ready industrial operations across sectors.
With a market capitalization of Rs. 1,04,036 crores on Thursday, the stock closed at Rs. 4,910 apiece, with an RSI of 29.89, indicating that it is in the oversold zone, offering the potential for an upside bounce.
SJVN Ltd
SJVN Ltd is a government-backed power generation company primarily engaged in hydroelectric projects, along with expanding footprint in thermal and renewable energy. Known for its strong project execution and steady capacity addition, SJVN plays a crucial role in India’s clean energy transition and aims to scale its renewable portfolio significantly.
With a market capitalization of Rs. 32,264 crores on Thursday, the stock closed at Rs. 82.2 apiece, with an RSI of 21.64, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Devyani International Ltd
Devyani International Ltd is one of India’s largest quick-service restaurant operators and the master franchisee for brands like KFC, Pizza Hut, and Costa Coffee. With rapid store expansion and strong consumer reach, the company focuses on scalable growth, operational efficiency, and tapping India’s rising demand for organised food services.
With a market capitalization of Rs. 17,096 crores on Thursday, the stock closed at Rs. 139 apiece, with an RSI of 21.16, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Nava Limited
Nava Limited is a diversified business group with interests in metals, energy, mining, and agro-related operations. The company operates power plants, ferroalloy facilities, and international ventures, particularly in Africa. Known for disciplined operations and strategic expansion, Nava aims to strengthen its global presence while maintaining stable, long-term business growth.
With a market capitalization of Rs. 15,748 crores on Thursday, the stock closed at Rs. 543 apiece, with an RSI of 24.55, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Written by Abhishek Singh
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