Synopsis: Syngene International, Vedant Fashions, Intellect Design Arena, Cohance Lifesciences, Blue Jet Healthcare, and Ola Electric Mobility currently trade below RSI 30, suggesting potential undervaluation and short-term oversold momentum in market sentiment.
The Relative Strength Index (RSI) is a popular momentum tool that measures the speed and strength of a stock’s price movement. It ranges from 0 to 100 and helps traders spot overbought or oversold conditions, offering clues about short-term momentum and possible price reversals.
An RSI above 70 usually suggests a stock is overbought and may face selling pressure. An RSI below 30 signals oversold conditions and a potential bounce. Traders watch these levels to spot short-term entry and exit opportunities. Here are a few stocks that are trading below the Relative Strength Index (RSI) Level 30
Syngene International Limited
Syngene International Limited provides contract research, development, and manufacturing services to global pharmaceutical, biotechnology, and agrochemical companies. The company supports drug discovery, clinical development, and commercial manufacturing through integrated scientific services and world-class research infrastructure across multiple global client partnerships.
With a market capitalization of Rs. 17,431.16 crores on Tuesday, the stock closed at Rs. 432.60, with an RSI of 16.99, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Vedant Fashions Limited
Vedant Fashions Limited designs, manufactures, and retails Indian ethnic wear under brands like Manyavar and Mohey. The company specializes in wedding and celebration apparel and operates a large exclusive brand outlet network across India and international markets.
With a market capitalization of Rs. 10,733.34 crores on Tuesday, the stock closed at Rs. 441.75, with an RSI of 27.79, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Intellect Design Arena Limited
Intellect Design Arena Limited provides fintech solutions for banks, insurance companies, and financial institutions through digital banking, treasury, and transaction platforms. The company delivers cloud-ready products that support core financial operations, risk management, and customer engagement.
With a market capitalization of Rs. 9,772.85 crores on Tuesday, the stock closed at Rs. 701.05, with an RSI of 25.92, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Cohance Lifesciences Limited
Cohance Lifesciences Limited offers research, development, and manufacturing services for pharmaceutical and specialty chemical industries. The company focuses on complex chemistry solutions, contract development, and custom manufacturing, serving global innovators with integrated scientific and production capabilities.
With a market capitalization of Rs. 11,804.11 crores on Tuesday, the stock closed at Rs. 308.55, with an RSI of 18.84, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Blue Jet Healthcare Limited
Blue Jet Healthcare Limited manufactures specialty pharmaceutical intermediates and active ingredients used in contrast media, high-intensity sweeteners, and niche pharma applications. The company supplies advanced chemistry products to global innovators and focuses on high-value, regulated markets through research-driven manufacturing capabilities.
With a market capitalization of Rs. 6,294.19 crores on Tuesday, the stock closed at Rs. 362.85, with an RSI of 26.53, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Ola Electric Mobility Limited
Ola Electric Mobility Limited designs, manufactures, and sells electric vehicles and battery technologies focused on sustainable mobility. The company produces electric scooters and develops EV platforms, charging ecosystems, and energy solutions to accelerate India’s transition toward clean transportation.
With a market capitalization of Rs. 12,345.91 crores on Tuesday, the stock closed at Rs. 27.99, with an RSI of 26.55, indicating that it is in the oversold zone, offering the potential for an upside bounce.
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