Synopsis: Several stocks, including Vedant Fashions, Afcons Infrastructure, and Firstsource Solutions, are trading in the oversold zone with RSI between 17.50 and 26.97, signalling potential short-term price rebounds.
The Relative Strength Index (RSI) is a widely used momentum indicator that tracks the speed and magnitude of recent price movements. Displayed on a scale from 0 to 100, it helps traders gauge trend strength and spot conditions where prices may be stretched.
Typically, an RSI above 70 signals that an asset could be overbought, raising the risk of a near-term pullback. Conversely, readings below 30 suggest oversold levels, often hinting at a possible bounce or price recovery.
Vedant Fashions Ltd
Vedant Fashions Ltd is an Indian ethnic wear company best known for its flagship brand Manyavar. The company designs and sells traditional apparel for weddings and celebrations, including sherwanis, kurta sets, and lehengas, through an extensive retail network across India and international markets.
With a market capitalisation of Rs. 9,026.45 crores on Wednesday, the stock closed at Rs 371.50 apiece, with an RSI of 17.67, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Afcons Infrastructure Ltd
Afcons Infrastructure Ltd is a leading engineering, procurement, and construction company in India and part of the Shapoorji Pallonji Group. It specializes in large-scale infrastructure projects such as bridges, tunnels, metros, marine works, and highways across India and several international markets.
With a market capitalisation of Rs. 10,316.36 crores on Wednesday, the stock closed at Rs 280.50 apiece, with an RSI of 17.73, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Firstsource Solutions Ltd
Firstsource Solutions Ltd is a global business process management company that provides outsourcing services across industries such as banking, healthcare, telecom, and media. The company focuses on digital transformation, customer experience management, and automation-driven solutions for clients worldwide.
With a market capitalisation of Rs. 15,396 crores on Wednesday, the stock closed at Rs 218 apiece, with an RSI of 17.50, indicating that it is in the oversold zone, offering the potential for an upside bounce.
C.E. Info Systems Ltd
C.E. Info Systems Ltd, the parent company of MapmyIndia, provides digital mapping, geospatial software, and location-based services. Its technology supports navigation, logistics, automotive, and enterprise solutions, helping businesses and governments use advanced mapping and geospatial intelligence.
With a market capitalisation of Rs. 5,516 crores on Wednesday, the stock closed at Rs 1,008 apiece, with an RSI of 18.96, indicating that it is in the oversold zone, offering the potential for an upside bounce.
eClerx Services Ltd
eClerx Services Ltd is a knowledge process outsourcing company that offers data analytics, operations management, and digital transformation services. The company mainly serves sectors such as financial services, retail, media, and technology, helping global clients improve operational efficiency and decision-making.
With a market capitalisation of Rs. 15,521 crores on Wednesday, the stock closed at Rs 3,257 apiece, with an RSI of 19.69, indicating that it is in the oversold zone, offering the potential for an upside bounce.
DCM Shriram Ltd
DCM Shriram Ltd is a diversified Indian conglomerate with businesses in chemicals, sugar, ethanol, and agri-inputs. The company manufactures products such as caustic soda, fertilisers, and seeds, while also operating sugar mills and ethanol plants supporting agriculture and industrial sectors.
With a market capitalisation of Rs. 15,733 crores on Wednesday, the stock closed at Rs 1,009 apiece, with an RSI of 24.18, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Ola Electric Mobility Ltd
Ola Electric Mobility Ltd is an Indian electric vehicle manufacturer focused on two-wheelers and battery technology. The company produces electric scooters and is building a large EV ecosystem that includes battery manufacturing, charging infrastructure, and software-driven mobility solutions.
With a market capitalisation of Rs. 10,908 crores on Wednesday, the stock closed at Rs 24.7 apiece, with an RSI of 23.71, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Inox Wind Ltd
Inox Wind Ltd is a renewable energy company engaged in manufacturing and installing wind turbine generators. It also provides services such as project development, operations, and maintenance for wind power projects, supporting the growth of clean energy infrastructure in India.
With a market capitalisation of Rs. 14,846 crores on Wednesday, the stock closed at Rs 85.9 apiece, with an RSI of 24.88, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Titagarh Rail Systems Ltd
Titagarh Rail Systems Ltd is an Indian manufacturer of railway rolling stock and defence mobility solutions. The company produces freight wagons, passenger coaches, metro trains, and specialised defence equipment, serving both domestic and international rail transportation markets.
With a market capitalisation of Rs.8,653 crores on Wednesday, the stock closed at Rs 643 apiece, with an RSI of 26.97, indicating that it is in the oversold zone, offering the potential for an upside bounce.
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