RSI Below 30: Gravita India and 4 Other Stocks Trading at Oversold Levels

SYNOPSIS:  Several small- and mid-cap stocks are trading in oversold territory, with RSI levels ranging between 16 and 29. Market capitalisations span ₹9,000–₹46,000 crore, while recent prices show sharp corrections, increasing the possibility of a short-term technical rebound.

The Relative Strength Index (RSI) is a widely used momentum indicator that tracks the speed and magnitude of recent price movements. Displayed on a scale from 0 to 100, it helps traders gauge trend strength and spot conditions where prices may be stretched.

Typically, an RSI above 70 signals that an asset could be overbought, raising the risk of a near-term pullback. Conversely, readings below 30 suggest oversold levels, often hinting at a possible bounce or price recovery.

Here is the list of stocks trading below RSI below 30;

Apar Industries

Apar Industries is a leading Indian manufacturer of conductors, power cables, specialty oils, and polymers. The company serves utilities, renewable energy, automotive, and industrial sectors, with a strong export presence and a reputation for quality, technology-led manufacturing, and consistent execution across global markets.

With a market capitalization of Rs. 29,044 crores on Monday, the stock closed at Rs 7,234 apiece, with an RSI of 16.87, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Tube Investments of India Ltd

Tube Investments of India, part of the Murugappa Group, is a diversified engineering company with interests spanning precision tubes, bicycles, metal-formed products, mobility, and emerging manufacturing platforms. Known for strong governance and capital allocation, it has successfully transformed into a multi-business, growth-oriented industrial enterprise.

With a market capitalization of Rs. 46,019 crores on Monday, the stock closed at Rs 2,380 apiece, with an RSI of 28.63, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Whirlpool of India Ltd

Whirlpool of India is a prominent home appliances company offering refrigerators, washing machines, air conditioners, and kitchen appliances. Backed by strong brand recall and nationwide distribution, the company focuses on innovation, localization, and energy-efficient products to cater to evolving Indian consumer preferences.

With a market capitalization of Rs. 10,040 crores on Monday, the stock closed at Rs 792 apiece, with an RSI of 20.51, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Gravita India

Gravita India is a leading recycler with a strong focus on lead and aluminum recycling. The company operates across multiple countries, benefiting from circular economy trends. Its integrated model, cost efficiency, and expanding global footprint support sustainable growth and resilience across commodity cycles.

With a market capitalization of Rs. 11,655 crores on Monday, the stock closed at Rs 1,579 apiece, with an RSI of 22.54, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Jyothy Labs

Jyothy Labs is a well-known FMCG company with a strong presence in fabric care, household insecticides, and personal care products. Driven by trusted brands and deep rural reach, the company focuses on steady volume growth, brand building, and improving margins through scale and distribution efficiency.

With a market capitalization of Rs. 9,291 crores on Monday, the stock closed at Rs 253 apiece, with an RSI of 23.34, indicating that it is in the oversold zone, offering the potential for an upside bounce.

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