Inox Wind and 6 Stocks Trading at RSI Below 30; Do You Hold Any?

Synopsis: Brainbees Solutions, eClerx Services, AWL Agri Business, Tech Mahindra, Inox Wind, DCM Shriram, Afcons Infrastructure, and Apollo Tyres Ltd are trading below RSI 30, indicating oversold conditions and potential short-term technical rebound opportunities.

The Relative Strength Index (RSI) is a popular momentum indicator used by traders to measure the speed and strength of a stock’s price movements. Ranging from 0 to 100, it helps identify whether a stock is overbought or oversold, offering valuable insight into short-term momentum and possible trend reversals.

An RSI reading above 70 typically suggests that a stock may be overbought and at risk of a pullback, while a value below 30 signals that it could be oversold and poised for a potential bounce. Traders rely on these thresholds to spot possible short-term entry and exit points. Here are a few stocks that are trading below the Relative Strength Index (RSI) Level 30

Brainbees Solutions Limited

Brainbees Solutions Limited is an Indian e-commerce and retail company best known for operating FirstCry.com, a leading omni-channel platform for baby and kids’ products. Headquartered in Pune, Maharashtra, it has grown into one of India’s most recognizable consumer brands in the parenting and early childhood segment.

With a market capitalization of Rs. 11,333.53 crores on Friday, the stock closed at Rs. 217.10, with an RSI of 28.71, indicating that it is in the oversold zone, offering the potential for an upside bounce.

eClerx Services Limited

eClerx Services Limited was founded in 2000 and is headquartered in Mumbai. The company is an Indian multinational provider of business process management (BPM), digital transformation, automation, and analytics solutions. It serves global Fortune 2000 enterprises across banking, financial services, telecom, retail, and media sectors.

With a market capitalization of Rs. 16,788.05 crores on Friday, the stock closed at Rs. 3,570, with an RSI of 26.66, indicating that it is in the oversold zone, offering the potential for an upside bounce.

AWL Agri Business Limited

AWL Agri Business Limited (formerly Adani Wilmar Limited) is a large Indian fast-moving consumer goods (FMCG) and food company headquartered in Ahmedabad, Gujarat. It focuses on edible oils, food staples, and select personal care products, anchored by its flagship brand Fortune, one of India’s best-known kitchen brands.

With a market capitalization of Rs. 25,753.13 crores on Friday, the stock closed at Rs. 198.15, with an RSI of 27.62, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Tech Mahindra Limited

Tech Mahindra Limited is a global information technology (IT) services and consulting company headquartered in Pune, India. Part of the Mahindra Group, it delivers digital transformation, consulting, and business process services to enterprises worldwide. The firm is a key player in India’s IT sector, recognized for innovation in cloud, AI, and network solutions.

With a market capitalization of Rs. 1,42,552.61 crores on Friday, the stock closed at Rs. 1,455, with an RSI of 26.58, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Inox Wind Limited

Inox Wind Limited is an Indian renewable energy company that designs, manufactures, and services wind turbine generators. The company is part of the INOXGFL Group, a diversified conglomerate with interests in chemicals and clean energy. The firm is a fully integrated wind solutions provider with operations across manufacturing, EPC, and operations & maintenance.

With a market capitalization of Rs. 16,677.49 crores on Friday, the stock closed at Rs. 96.50, with an RSI of 29.83, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Afcons Infrastructure Limited

Afcons Infrastructure Limited was established in 1959 and is a leading Indian engineering and construction company specializing in large, complex infrastructure projects. It is the flagship infrastructure arm of the Shapoorji Pallonji Group and operates across marine, transport, oil and gas, hydro, and urban infrastructure sectors. Afcons is noted for its engineering innovation and extensive international footprint across Asia, Africa, and the Middle East. 

With a market capitalization of Rs. 11,769.11 crores on Friday, the stock closed at Rs. 320, with an RSI of 29.43, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Apollo Tyres Limited

Apollo Tyres Limited was founded in 1972 and is a multinational tyre manufacturing company headquartered in Gurgaon, India. The company has grown into one of India’s largest tyre producers and ranks among the top 15 globally. The company operates across Asia and Europe, serving customers in over 100 countries.

With a market capitalization of Rs. 28,909.80 crores on Friday, the stock closed at Rs. 455.20, with an RSI of 27.86, indicating that it is in the oversold zone, offering the potential for an upside bounce.

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