Synopsis: Five Nifty 500 stocks, including agrochemical and IT services companies, are trading below RSI 30, indicating oversold conditions and potential buying opportunities if investor momentum increases.
Stocks with an RSI below 30 are typically seen as oversold, suggesting they might be undervalued or experiencing short-term weakness. In the context of Nifty 500 stocks, this can point to companies facing temporary pressure but presenting potential buying opportunities for investors expecting a rebound. Keeping an eye on these stocks helps traders and long-term investors spot possible entry points in the overall market.
What is RSI and why is it important?
The Relative Strength Index (RSI) is a widely used technical tool that gauges the speed and magnitude of an asset’s price movements. Its values range from 0 to 100, helping investors determine if a stock is overbought or oversold. Generally, an RSI above 70 signals that a stock might be overbought and could face a pullback, whereas an RSI below 30 indicates it may be oversold and poised for a potential recovery.
RSI is important because it helps investors and traders make informed decisions about entry and exit points. By analyzing momentum, RSI can highlight trends, potential reversals, and market sentiment, allowing for better risk management and more strategic investment choices. Below are list of stock trading below RSI level 30
Sagility Limited
Sagility Limited, based in Bengaluru and a subsidiary of Sagility B.V., provides business process management services to the healthcare and insurance sectors across India, the U.S., Jamaica, the Philippines, and Colombia. It offers solutions including claims management, member and provider engagement, clinical and case management, revenue cycle management, pharmacy benefit services, and analytics, along with digital platforms for automation, AI-driven engagement, and document processing.
With market capitalization of Rs. 19,919.05 cr, the shares of Sagility Limited are closed at Rs. 42.55, down by 1.80 percent from its previous close of Rs. 43.33 per share. The stock’s current RSI of 25.28 indicates it is oversold and may catch investor’s attention for a possible rebound if buying momentum rises.
Lemon Tree Hotels Limited
Lemon Tree Hotels Limited, based in Gurugram and founded in 1992, develops, owns, operates, and manages hotels, resorts, and restaurants in India and abroad. Operating under brands like Lemon Tree Hotels, Lemon Tree Premier, Red Fox, Aurika, and Keys, it also offers franchising, leasing, housing rentals, and digital transformation services.
With market capitalization of Rs. 9,068.05 cr, the shares of Lemon Tree Hotels Limited are closed at Rs. 114.46, down by 2.11 percent from its previous close of Rs. 116.93 per share. With a current RSI of 26.04, the stock is considered oversold and may attract investor interest for a potential rebound if buying activity increases.
Tata Elxsi Limited
Tata Elxsi Limited, headquartered in Bengaluru and founded in 1989, provides product design, engineering, systems integration, and software services globally, including in India, the U.S., and Europe. Operating through Systems Integration & Support and Software Development & Services segments, it offers AI, IoT, digital health, autonomous vehicle, OTT/media, and blockchain solutions, including platforms like AIVA, iCX, TEPlay, Neuron, TETHER, AutonomAI, and MOBIUS+. Serving industries such as automotive, healthcare, telecom, media, aerospace, and consumer electronics, the company delivers end-to-end technology, analytics, and regulatory compliance solutions.
With market capitalization of Rs. 28,145.23 cr, the shares of Tata Elxsi Limited are closed at Rs. 4,518, down by 4.16 percent from its previous close of Rs. 4,714 per equity share. With a current RSI of 26.31, the stock is technically in oversold territory and may attract investor attention for a possible rebound if buying momentum strengthens.
Oracle Financial Services Software Limited
Oracle Financial Services Software Limited, headquartered in Mumbai and founded in 1989, provides IT solutions and consulting services to the global financial services industry. Operating through Product Licenses and IT Solutions segments, it offers banking, lending, payments, treasury, risk, compliance, and data management platforms, including Oracle FLEXCUBE, Oracle Banking Digital Experience, and Oracle Finergy.
With market capitalization of Rs. 56,259.42 cr, the shares of Oracle Financial Services Software Limited are closed at Rs. 6,465, down by 3.07 percent from its previous close of Rs. 6,669.50 per share. With a current RSI of 26.06, the stock is technically in oversold territory and may attract investor attention for a possible rebound if buying momentum strengthens.
UPL Limited
UPL Limited, founded in 1969 and headquartered in Mumbai, India, is a global agribusiness company producing and selling pesticides, insecticides, herbicides, fungicides, micronutrients, seeds, and non-agro chemicals across India, Brazil, the U.S., the U.K., and other markets. Operating through Crop Protection, Seeds, and Non-Agro segments, it offers products under brands like Feroce, Shenzi, Evolution, Advanta, and Alta Seeds, along with digital farming solutions via nurture.farm.
With market capitalization of Rs. 53,300.55 cr, the shares of UPL Limited are closed at Rs. 631.40, down by 2.08 percent from its previous close of Rs. 644.80 per share. With a current RSI of 29.72, the stock is technically in oversold territory and may attract investor attention for a possible rebound if buying momentum strengthens.
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