Oversold stocks can provide investment opportunities for savvy investors, and the Relative Strength Index (RSI) is a popular indicator for identifying them. ETMarkets has listed eight stocks with an RSI below 30 and a market cap over Rs 100 crore, including Indian Energy Exchange and D P Abhushan. It s important to conduct thorough research and analysis before making investment decisions, taking company fundamentals, industry outlook, market conditions, and personal risk tolerance and goals into account.
ETMarkets screener has identified seven oversold stocks with their Relative Strength Index (RSI) below 30, providing investors with potential buying opportunities. Ratnabhumi Developers, Indian Energy Exchange, Bombay Metrics Supply Chain, Sintex Industries, D P Abhushan, GI Engineering Solutions, and Rachana Infrastructure are the selected companies. Despite slight market fluctuations, the companies have shown promising returns in the short and long-term, presenting attractive investment prospects. However, investors must conduct further research and closely monitor the stocks performance to ensure a successful investment.
The Board of Directors of Ratnabhumi Developers Limited have approved the financial results of the company for the period ended December 31, 2022 - Q3FY23, 9MFY23 at its board meeting.
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