The Relative Strength Index (RSI) is a widely used momentum indicator that tracks the speed and magnitude of recent price changes on a 0–100 scale. It helps traders gauge trend strength and spot potential reversals.
An RSI above 70 typically indicates overbought conditions, hinting at a possible pullback after a rapid rise. Conversely, an RSI below 30 signals oversold territory, suggesting the asset may be undervalued and due for a rebound.
Here is the list of stocks trading below RSI 30
Orient Cement
Orient Cement is a fast-growing cement manufacturer known for its efficient operations and strong presence in the southern and western markets. With a focus on cost optimisation, capacity expansion, and premium products, it continues to strengthen its position in India’s competitive cement industry.
With a market capitalisation of Rs. 3,742 crores on Wednesday, the stock closed at Rs 182 apiece, with an RSI of 19.63, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Balaji Amines
Balaji Amines is a leading manufacturer of aliphatic amines and speciality chemicals, serving pharma, agrochemicals, and industrial sectors. Known for backward integration and capacity leadership, the company is expanding into high-value products to enhance margins and drive long-term growth in the speciality chemicals landscape.
With a market capitalisation of Rs. 3,843 crores on Wednesday, the stock closed at Rs 1,186 apiece, with an RSI of 19.90, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Polyplex Corporation
Polyplex Corporation is a global packaging films producer with a diversified presence across continents. Its strong product mix, cost-efficient manufacturing, and focus on specialty films support steady growth. The company benefits from a wide export footprint and rising demand for high-quality, sustainable packaging solutions.
With a market capitalisation of Rs. 2,741 crores on Wednesday, the stock closed at Rs 873 apiece, with an RSI of 24.18, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Jai Balaji Industries
Jai Balaji Industries is an integrated steel producer engaged in manufacturing sponge iron, pig iron, TMT bars, billets, and ferro alloys. With backward integration and a broad product range, the company caters to infrastructure and construction sectors, benefitting from rising domestic steel demand.
With a market capitalisation of Rs. 7,115 crores on Wednesday, the stock closed at Rs 78.0 apiece, with an RSI of 19.03, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Shakti Pumps
Shakti Pumps is a prominent manufacturer of energy-efficient stainless-steel pumps and solar pumping systems. Its strong presence in agricultural and industrial markets, combined with government-backed solar initiatives, supports long-term growth. The company continues investing in technology and exports to strengthen its global footprint.
With a market capitalisation of Rs. 8,659 crores on Wednesday, the stock closed at Rs 702 apiece, with an RSI of 21.04, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Written by Abhishek Singh
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