In the world of stock analysis, the term ‘RSI’ has gained significant popularity. It may make you wonder, ‘What is RSI in the stock market?’. Well, the Relative Strength Indicator (RSI) is a popular technical indicator that measures the momentum and speed of price movements of stocks. When the RSI of any stock drops below 30, it suggests that the stock may be oversold and due for a rebound. Low RSI stocks may present an opportunity for investors and traders to buy the security at a discounted price. In this article, let’s look at stocks with RSI below 30.
List of stocks with RSI below 30
1. Smallcap
Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio (%) | RSI – 14D |
Borosil Renewables Ltd | Housewares | 6,268.26 | 483.60 | 90.02 | 2.89 |
RHI Magnesita India Ltd | Cement | 12,792.76 | 626.55 | -27.47 | 9.18 |
V I P Industries Ltd | Apparel & Accessories | 8,452.55 | 595.00 | 55.48 | 10.66 |
POWERGRID Infrastructure Investment Trust | Power Transmission & Distribution | 11,516.95 | 116.23 | -59.02 | 13.48 |
Galaxy Surfactants Ltd | Specialty Chemicals | 9,284.18 | 2,598.10 | 24.37 | 14.20 |
India Grid Trust | Power Transmission & Distribution | 9,591.90 | 137.01 | 9.44 | 15.09 |
Eureka Forbes Ltd | 9,896.46 | 504.95 | 372.61 | 16.28 | |
Jubilant Ingrevia Ltd | Specialty Chemicals | 6,455.83 | 414.80 | 20.99 | 17.60 |
Aarti Industries Ltd | Specialty Chemicals | 16,461.31 | 449.20 | 30.20 | 18.71 |
Indiamart Intermesh Ltd | Online Services | 16,202.40 | 2,771.95 | 57.08 | 21.61 |
Anupam Rasayan India Ltd | Specialty Chemicals | 10,613.55 | 986.15 | 58.69 | 23.23 |
TCI Express Ltd | Logistics | 5,805.36 | 1,512.10 | 41.68 | 23.45 |
Brookfield India Real Estate Trust REIT | Real Estate | 9,717.19 | 267.03 | 74.05 | 23.62 |
JK Lakshmi Cement Ltd | Cement | 8,005.09 | 683.90 | 22.32 | 23.90 |
Tata Investment Corporation Ltd | Asset Management | 11,623.26 | 2,323.15 | 46.15 | 26.15 |
Brigade Enterprises Ltd | Real Estate | 12,840.14 | 559.55 | 44.06 | 27.19 |
Rajesh Exports Ltd | Precious Metals, Jewellery & Watches | 15,417.00 | 532.35 | 10.76 | 27.34 |
Cyient Ltd | Software Services | 15,344.95 | 1,448.55 | 29.83 | 28.98 |
Gujarat Ambuja Exports Ltd | Agro Products | 5,473.09 | 237.00 | 16.58 | 29.38 |
Network18 Media & Investments Ltd | Movies & TV Serials | 6,627.18 | 63.05 | -78.64 | 29.49 |
Note: The stocks with RSI less than 30 are sorted using the below-mentioned parameters on Tickertape Stock Screener on 11th July 2023.
- Market Cap: Select ‘Smallcap’ and set the lower limit to 5,000
- RSI – 14D: Set the higher limit to 30 – Sort from lowest to highest
Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.
2. Midcap
Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio (%) | RSI – 14D |
Gujarat Fluorochemicals Ltd | Specialty Chemicals | 30,619.04 | 2,762.45 | 23.04 | 13.12 |
Indian Railway Catering and Tourism Corporation Ltd | Online Services | 49,272.00 | 619.00 | 48.98 | 17.95 |
Page Industries Ltd | Apparel & Accessories | 40,582.81 | 36,295.30 | 71.04 | 17.97 |
Astral Ltd | Building Products – Pipes | 47,964.63 | 1,779.25 | 105.05 | 21.33 |
Vedant Fashions Ltd | Textiles | 29,873.15 | 1,214.30 | 69.62 | 22.70 |
AIA Engineering Ltd | Industrial Machinery | 30,093.39 | 3,334.75 | 28.50 | 22.72 |
Fsn E-Commerce Ventures Ltd | Wellness Services | 39,782.93 | 146.85 | 2,066.65 | 23.56 |
Solar Industries India Ltd | Commodity Chemicals | 32,127.59 | 3,543.85 | 42.43 | 25.30 |
Dixon Technologies (India) Ltd | Home Electronics & Appliances | 25,244.58 | 4,386.35 | 98.80 | 26.58 |
Bharat Dynamics Ltd | Aerospace & Defense Equipments | 19,802.62 | 1,231.60 | 56.23 | 28.06 |
Deepak Nitrite Ltd | Commodity Chemicals | 27,099.25 | 1,932.50 | 31.81 | 28.57 |
Schaeffler India Ltd | Auto Parts | 46,638.67 | 3,066.75 | 53.05 | 28.92 |
Adani Wilmar Ltd | FMCG – Foods | 52,078.12 | 402.00 | 89.46 | 29.57 |
Note: The stocks with RSI less than 30 are sorted using the below-mentioned parameters on Tickertape Stock Screener on 11th July 2023.
- Market Cap: Select ‘Midcap’
- RSI – 14D: Set the higher limit to 30 – Sort from lowest to highest
Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.
3. Largecap
Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio (%) | RSI – 14D |
SBI Cards and Payment Services Ltd | Payment Infrastructure | 79,101.51 | 834.30 | 35.02 | 18.48 |
SRF Ltd | Diversified Chemicals | 64,851.82 | 2,175.35 | 29.99 | 19.50 |
Shree Cement Ltd | Cement | 86,656.21 | 23,955.35 | 65.25 | 25.96 |
Tata Motors Ltd | Four Wheelers | 1,51,860.11 | 338.25 | -11.29 | 26.41 |
Eicher Motors Ltd | Trucks & Buses | 86,854.92 | 3,253.05 | 29.81 | 26.46 |
Ambuja Cements Ltd | Cement | 83,297.82 | 419.75 | 32.24 | 27.27 |
Adani Power Ltd | Power Generation | 93,357.21 | 244.20 | 8.70 | 27.36 |
Note: The stocks with RSI less than 30 are sorted using the below-mentioned parameters on Tickertape Stock Screener on 11th July 2023.
- Market Cap: Select ‘Largecap’
- RSI – 14D: Set the higher limit to 30 – Sort from lowest to highest
Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.
To conclude,
RSI below 30 can indicate early warning signals, oversold conditions, confirmation of other technical indicators, mean reversion strategies, risk management, and more. However, it is crucial to consider other technical parameters before making any trading or investment decision. Remember, RSI is generally used with other technical and fundamental parameters to confirm the oversold signals and make an informed decision. A thorough analysis can be your non-negotiable step before finalising any stock for investing. For this purpose, Tickertape offers various solutions, including a stock screener with over 200 filters, an option to create your custom filter, pre-built screens, and export data for further analysis. Read this blog to learn more about how to use Tickertape Stock Screener effectively.