THREE STOCKS TRADING BELOW RSI 30 TO KEEP ON YOUR WATCHLIST

In technical terms, the Relative Strength Index (or RSI) is a popular indicator used to identify whether a stock is overbought or oversold with a range from 0 to 100. Normally, an RSI above 70 indicates that a stock may be overbought and due for a correction, while an RSI below 30 suggests it may be oversold and could see a potential upside rebound. Below are 3 stock trading with an RSI below 30:

- this company manufactures and markets consumer electrical products in India through two segments: Electrical Consumer Durables and Lighting Products. Some of the products are fans, pumps, home appliances, lighting products, and kitchen solutions. With market capitalization of Rs. 19,187 crore, the stock is currently trading with an RSI of 26, which means that it is in oversold territory and may attract investor attention for a possible rebound if buying momentum strengthens. - this company manufactures and sells sugar in India and operates through Sugar, Distillery, Polylactic Acid, and other segments. It produces molasses, industrial alcohol, ethanol, extra neutral alcohol. With market capitalization of Rs. 9,592 crore, the stock is currently trading with an RSI of 26, indicating that it is in the oversold territory and may see a possible rebound. - the company operates in bio-based technologies and engineering by providing solutions for the ethanol industry, biopharma, brewing and beverages, hydrocarbons, petrochemicals, and chemical plants. With market capitalization of Rs. 6,672 crore, the stock is currently trading with an RSI of 24, which means that it is in oversold territory and may see a possible rebound.