SYNOPSIS: Several stocks are trading in oversold territory, with RSI readings below 30. Market capitalisations range from ₹8,700 crore to over ₹72,000 crore, suggesting short-term downside exhaustion and the possibility of a technical rebound if broader sentiment stabilises.
The Relative Strength Index (RSI) is a popular momentum tool used to measure how quickly and sharply prices have moved in recent sessions. Plotted on a scale of 0 to 100, it helps traders assess the strength of a trend and identify when prices may be overstretched.
Generally, an RSI reading above 70 suggests the asset may be overbought, increasing the chances of a short-term correction. On the other hand, an RSI below 30 indicates oversold conditions, often pointing to a potential rebound or price recovery.
Here is the list of stocks trading below RSI below 30;
Kajaria Ceramics is India’s largest ceramic and vitrified tiles manufacturer, with a strong presence across residential and commercial construction. Backed by an extensive dealer network and multiple manufacturing facilities, the company benefits from housing demand, premiumisation trends, and steady growth in renovation and real estate activity.
With a market capitalization of Rs. 15,206.52 crores on Monday, the stock closed at Rs 955.95 apiece, with an RSI of 30.11, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Dixon Technologies is a leading electronics manufacturing services (EMS) player in India, producing consumer electronics, mobile phones, lighting, and appliances. It is a key beneficiary of the PLI scheme, rising localization, and global brands shifting manufacturing to India under the China+1 strategy.
With a market capitalization of Rs. 72,031.85 crores on Monday, the stock closed at Rs 11,869.65 apiece, with an RSI of 29.43, indicating that it is in the oversold zone, offering the potential for an upside bounce.
SKF India is a prominent supplier of bearings, seals, and engineering solutions to automotive and industrial sectors. Supported by strong parentage, technological expertise, and aftermarket demand, the company benefits from India’s manufacturing growth, infrastructure spending, and rising vehicle production over the long term.
With a market capitalization of Rs. 8,757.19 crores on Monday, the stock closed at Rs 1,771.35 apiece, with an RSI of 30.32, indicating that it is in the oversold zone, offering the potential for an upside bounce.
PCBL Chemical is India’s largest carbon black manufacturer, supplying to tyre, rubber, plastics, and specialty chemical industries. With expanding specialty grades and global exports, the company benefits from automotive demand, capacity additions, and diversification into higher-margin advanced materials and chemicals.
With a market capitalization of Rs. 11,567.80 crores on Monday, the stock closed at Rs 294.00 apiece, with an RSI of 29.79, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Whirlpool of India is a leading home appliances brand, offering refrigerators, washing machines, and air conditioners. The company benefits from rising disposable incomes, premium appliance demand, and urbanization, while focusing on product innovation, localization, and operational efficiency in a competitive consumer durables market.
With a market capitalization of Rs. 11,567.54 crores on Monday, the stock closed at Rs 911.75 apiece, with an RSI of 29.93, indicating that it is in the oversold zone, offering the potential for an upside bounce.
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Abhishek is a Financial Analyst at Trade Brains with over 2+ years of hands-on experience in capital markets. Results-driven and has analysed 150+ listed companies, tracked multiple sectors, and provided meaningful insights. His work focuses on data-backed analysis, business fundamentals, and translating complex market trends into clear, actionable perspectives for investors and readers.
