KPIT Technologies and 3 Other Stocks Trading at RSI Below 30 to Keep on Your Radar

Synopsis: KPIT Technologies, OneSource Specialty Pharma, Intellect Design Arena, and Aavas Financiers are currently in the oversold zone with RSI below 30, signaling potential upside opportunities. Their strong market positions span automotive R&D, pharma CDMO, fintech, and housing finance.

The Relative Strength Index (RSI) is a technical indicator used in financial markets to measure the speed and change of price movements. It ranges from 0 to 100 and is typically used to assess whether a stock or asset is overbought or oversold.

An RSI value above 70 indicates that the asset might be overbought, suggesting it could be overvalued and might experience a price correction. Conversely, an RSI below 30 indicates that the asset might be oversold, potentially signalling that it is undervalued and could experience a price rebound. The stocks to watch out for are listed below:

KPIT Technologies Ltd

KPIT Technologies is a leading independent global engineering research and development (ER&D) partner focused exclusively on the automotive and mobility ecosystem. The company accelerates the transition to software-defined vehicles (SDV) through expertise in embedded software, AI, and digital solutions. 

With a market capitalization of Rs. 26,454.88 crores on the day’s trade, the stock closed at Rs. 965.00, with an RSI of 21.91, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Onesource Speciality Pharma Ltd

OneSource Speciality Pharma Ltd (formerly Stelis Biopharma Limited), incorporated in 2007 and headquartered in Bengaluru, is India’s first pure-play speciality Contract Development and Manufacturing Organisation (CDMO). A subsidiary of Strides Pharma, it specialises in complex injectables, biologics, and soft gelatin capsules, providing end-to-end services from pre-clinical development to commercial manufacturing for global markets.

With a market capitalization of Rs. 13,366.93 crores on the day’s trade, the stock closed at Rs. 1166.55, with an RSI of 29.18, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Intellect Design Arena Ltd

Intellect Design Arena Ltd is a prominent global financial technology (FinTech) company, providing cloud-native, API-led, and microservices-based, multi-product platforms for Banking, Insurance, and Capital Markets. Leveraging eMACH.ai, a composable open finance platform, the company helps financial institutions with digital transformation, with many years of domain expertise. 

With a market capitalization of Rs. 10,713.36 crores on the day’s trade, the stock closed at Rs. 769.00, with an RSI of 27.13, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Aavas Financiers Ltd

Aavas Financiers Ltd is a leading housing finance company (HFC) in India focused on providing home loans to low and middle-income customers in semi-urban and rural areas. Registered with the National Housing Bank (NHB) and classified as a Middle Layer NBFC, it operates in many branches and states, offering loans for home purchase, construction, and improvement. 

With a market capitalization of Rs. 10,500.45 crores on the day’s trade, the stock closed at Rs. 1325.95, with an RSI of 30.96, indicating that it is in the oversold zone, offering the potential for an upside bounce.

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